Nontaxable Dividends

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Nontaxable Dividends

Dividends from a mutual fund or other investment company that are not subject to federal taxation. In order to issue nontaxable dividends, more than 50% of the fund's liquidity must be placed in municipal bonds or some other security that is tax-exempt.
References in periodicals archive ?
The nontaxable dividend distribution of the Right will be made on August 8, 2007, payable to shareholders of record as of August 8, 2007.
FTB,(46) a Superior Court held that California's interest offset statute violates the Due Process, Commerce and Equal Protection Clauses, because it requires a dollar-for-dollar offset of otherwise deductible interest expenses with nontaxable dividend income of foreign corporations.
Recommendation: Permit taxpayers electing the 100 percent dividends-received deduction under section 243(a)(3) to attach a statement to its consolidated return reporting the distribution of a nontaxable dividend and to supply additional information upon audit, if necessary.
The nontaxable dividend distribution will be made on December 23, 2002, granted to stockholders of record on that date.
The nontaxable dividend distribution will be made on August 27, 2002, payable to stockholders of record on that date.
NASDAQ: GSPN) today announced that its Board of Directors has adopted a Stockholder Rights Plan and declared a nontaxable dividend of one "right" on each outstanding share of the Company's common stock to stockholders of record as of July 15, 2002.
The rights will be issued as a nontaxable dividend and will expire 10 years from the date of the adoption of the rights plan, unless earlier redeemed or exchanged.
I-Flow Corporation (Nasdaq:IFLO) announced today that its Board of Directors has adopted a Stockholder Rights Plan and declared a nontaxable dividend of one Right on each outstanding share of the Company's common stock to stockholders of record as of March 15, 2002.
Document Sciences Corporation (Nasdaq:DOCX) today announced that the record date for the issuance of a nontaxable dividend of one Right on each outstanding share of its common stock pursuant to its recently adopted Stockholder Rights Plan will be May 18, 2001.
Virata Corporation(R) (Nasdaq:VRTA) today announced that its Board of Directors has adopted a Stockholder Rights Plan and declared a nontaxable dividend of one "right" on each outstanding share of the Company's common stock to Stockholders of record as of May 9, 2001.
Last week the Board of Directors of Document Sciences Corporation (Nasdaq:DOCX) adopted a Stockholder Rights Plan and declared a nontaxable dividend of one Right on each outstanding share of its' common stock to stockholders of record as of May 11, 2001.
Laser-Pacific Media Corporation (Nasdaq NM:LPAC), a leading developer and provider of post production services to the motion picture film and television industry, today announced its Board of Directors has adopted a Stockholder Rights Plan and declared a nontaxable dividend of one Right on each outstanding share of the company's common stock to stockholders of record as of January 24, 2001.