This information is not current and is being provided for reference purposes only
Capital Gains, Dividends and Interest Tax
This Ruling has been obsoleted by AN 94(2)
The distribution paid to shareholders of the Treasury Trust Portfolio would be subject to the dividends tax, where those shareholders are natural persons who are residents of Connecticut. The fact that the distributions are derived from direct U.S. Government obligations and from repurchase agreements collateralized by U.S. Government obligations is not pertinent, because the shareholders are not the owners of such obligations.
April 3, 1989