Connecticut HB05088 would remove the requirement that mutual funds hold at least 50% of their assets in state and municipal government obligations to.
Connecticut HB05088 proposes to amend chapter 229 of the general statutes by eliminating the requirement that at least 50% of the assets of a mutual fund consist of state and municipal government obligations. This change would allow mutual funds to qualify for exempt-interest dividends for personal income tax purposes without needing to maintain such a high proportion of government securities.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.