Effective July 1, 2009, for tax periods ending on or after December 31, 2009, owners and interest-holders of partnerships, limited liability companies, and associations, the beneficial interest of which is not represented by transferable shares, are liable for Interest and Dividends Tax (I&D) on certain distributions made by their entities. See, NH Laws of 2009, Chapter 144, Sections 275 – 280. Further, partnerships, limited liability companies, and associations, which in the past paid I&D tax on interest and dividends received, may no longer be taxpayers for I&D purposes.

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