Legal Opinion
New Hampshire Resident Ltd. Partners v. New Hampshire Department of Revenue Administration
Supreme Court of New Hampshire
Decided June 22, 2011No. 2010-399PublishedCited by 12 opinions
1Opinion of the CourtLynn, J.
The respondent, New Hampshire Department of Revenue Administration (DRA), appeals a decision of the Superior Court (Vaughan, J.) ruling that distributions which The Lyme Timber Company (Lyme) made to the petitioners, certain of its limited partners who reside in New Hampshire, are not taxable income to the individual petitioners because their beneficial interests in Lyme are not “transferable shares” within the meaning of RSA chapter 77. See RSA 77:3 (2003) (amended 2004, 2009, 2010); RSA 77:4, III (2003) (amended 2009, 2010). We reverse and remand.
The following undisputed facts are drawn…
2Cases cited23 opinions
- Altria Group, Inc. v. GoodSupreme Court of the United States · 2008
- Morrissey v. CommissionerSupreme Court of the United States · 1935
- Ferrero Construction Co. v. Dennis Rourke Corp.Court of Appeals of Maryland · 1988
- Shiver v. BentonSupreme Court of Georgia · 1983
- Wildenstein & Co. v. WallisNew York Court of Appeals · 1992
18 more not listed; retrieve them via the Exa API.
3Cited by12 opinions
- William Bovaird v. New Hampshire Department of Administrative ServicesSupreme Court of New Hampshire · 2014
- David Montenegro v. New Hampshire Division of Motor VehiclesSupreme Court of New Hampshire · 2014
- State v. McDonaldSupreme Court of New Hampshire · 2011
- Phaneuf Funeral Home v. Little Giant Pump Co.Supreme Court of New Hampshire · 2012
- In re MallettSupreme Court of New Hampshire · 2012
7 more not listed; retrieve them via the Exa API.