December 13, 1990
TO: PENSION COMMITTEE NO. 30-90
RE: 1990 SURVEYS OF STATE INCOME TAXATION
__________________________________________________________
As you know, the Institute surveys the states and the
district of Columbia annually on a variety of tax issues.
Attached are four updated surveys relating to:
(1) state income taxation of dividends paid by
regulated investment companies that are derived
from interest on federal obligations;
(2) state taxation of state and local obligations;
(3) state taxation of long-term capital gain
distributions made by regulated investment
companies to individual shareholders; and
(4) deductibility under state laws of contributions to
certain qualified retirement plans. (The Institute
is also preparing a survey of state income tax
withholding requirements on pension and IRA
distributions.)
A few jurisdictions, including Massachusetts and West
Virginia, either provided no response to our survey or provided
only a partial response. In these cases, we relied upon prior
years' responses (where appropriate) or indicated no response.
While we believe that the information in these surveys is
otherwise complete, shareholders should consult their own tax
advisors for specific guidance. If you have any questions
regarding the survey, please call Keith Lawson at 202/955-3585 or
David Mangefrida at 202/955-3521.
W. Richard Mason
Assistant General Counsel
Attachments