N.H. Code Admin. R. Rev 903.06
Sequence of Distributions
Effective Aug 12, 2022#4557, eff 12-28-88; ss by #5947, eff 12-29-94; ss by #6321, eff 8-22-96; ss by #8137, eff 8-10-04; ss by #9658, eff 2-24-10; ss by #9843, eff 12-23-10 (see Revision Note at chapter heading for Rev 900); ss by #10211, eff 10-24-12; ss by #13443, eff 8-12-22Department of Revenue Administration
All actual distributions shall be presumed to be sequentially made from:
- (a) The current year profit of the organization;
- (b) The organization’s accumulated profits; and
- (c) The capital of the organization.
Source. #4557, eff 12-28-88; ss by #5947, eff 12-29-94; ss by #6321, eff 8-22-96; ss by #8137, eff 8-10-04; ss by #9658, eff 2-24-10; ss by #9843, eff 12-23-10 (see Revision Note at chapter heading for Rev 900); ss by #10211, eff 10-24-12; ss by #13443, eff 8-12-22