HIT-13 - Examples of Taxable Dividends and Interest


  • From investment trusts or mutual funds, including capital gain distributions, whether taken in stock or cash  
  • From stock of banks or savings and loan associations situated outside Tennessee  
  • From distribution of profits among stockholders even though not formally declared a dividend
  • From holding companies, including those holding banks or insurance companies situated inside or outside Tennessee        
  • From money market funds           


  • On all bonds issued by any person, firm, church, joint stock company, business trust or corporation      
  • On bonds issued by states, counties, municipalities or political subdivisions outside Tennessee  
  • On bonds issued by foreign governments 
  • On all mortgages or other commercial paper maturing in more than six months from date of issue
  • On written obligations that state interest is to be paid and mature in more than six months from date of issue (See Nontaxable Interest for exceptions.)
Not finding answers? Submit a request


Powered by Zendesk