“Enterprises as are expressly made exempt”, pursuant to RSA 77-A:1, I, means entities exempt from taxation under section 501 of the IRC. This term does not include business organizations which, for federal income tax purposes, serve as conduits either in whole or in part for the real owners such as, but not limited to:

1. (a) Partnerships;
2. (b) Single member limited liability companies;
3. (c) Subchapter S corporations;
4. (d) Qualified subchapter S subsidiaries;
5. (e) Grantor trusts;
6. (f) Real estate investment trusts;
7. (g) Real estate trusts; or
8. (h) Regulated investment companies.

Source. #4192, eff 12-23-86; ss by #5490, eff 10-19-92; ss by #6853, eff 9-23-98; ss by #8709, eff 8-25-06; ss by #10758, eff 1-16-15 (from Rev 301.14) renumbered by #13177 (formerly Rev 301.15); ss by #14231, eff 4-3-25, EXPIRES 4-3-35