January 19, 1990
TO: TAX MEMBERS NO. 3-90
MONEY MARKET FUND CHIEF EXECUTIVE OFFICERS NO. 2-90
RE: NEW JERSEY QUALIFIED INVESTMENT FUND CERTIFICATION FORM
__________________________________________________________
As we previously informed you, New Jersey permits pass-
through treatment for "qualified investment funds" that (1)
advise shareholders on or before January 31 that distributions
for the prior calendar year qualify for exclusion from gross
income and (2) provide the proper certification to the State by
February 15. (See Institute Memoranda to Tax Members No. 23-88
and Money Market Fund Chief Executive Officers No. 4-88, dated
April 20, 1988; and to SEC Rules Members No. 61-87 and Tax
Members No. 49-87, dated December 17, 1987.)
Attached is a copy of the New Jersey form entitled
Certification of Qualified Investment Fund. For calendar year
1989 qualification, New Jersey law requires that the form be
filed with the State by February 15, 1990. The conditions for
treatment as a qualified investment fund are set forth on the
form.
Any questions regarding this form or its filing may be
directed to Sheri B. Silverstein, Tax Counselor, New Jersey
Division of Taxation at (609) 292-5994.
We will keep you informed of developments.
Keith D. Lawson
Assistant General Counsel
Attachment
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