Municipal Income Funds: State tax information
For the calendar year 2011, income dividends received from investments in the funds listed in the table below are primarily exempt from federal income tax. Dividends that are exempt from federal income tax may or may not be exempt under the laws of a particular state or taxing authority. Generally, however, income from bonds issued by municipalities in a particular state is not taxable in that state. Most states do not grant tax-free treatment to interest from municipal securities of other states. We recommend that you consult your tax advisor in this regard.
Listed here, on a state-by-state basis, is the percentage of interest income earned on municipal obligations of issuers in each such state during the calendar year 2011.
A note about AMT
A portion of the income paid to the Delaware Investments Closed-end Municipal Income Funds shareholders may be subject to the federal alternative minimum tax (AMT). See Municipal Income Funds: Percentage of interest income subject to AMT.
Percentage of interest income from municipal obligations
| Delaware Investments Arizona Municipal Income Fund, Inc.* | |
|---|---|
| Arizona | 90.45% |
| Puerto Rico | 8.44% |
| Guam | 1.11% |
| Source: Delaware Investments | |
| Delaware Investments Colorado Municipal Income Fund, Inc. | |
|---|---|
| Colorado | 82.82% |
| Puerto Rico | 15.47% |
| Guam | 1.71% |
| Source: Delaware Investments | |
| Delaware Investments Minnesota Municipal Income Fund II, Inc. | |
|---|---|
| Minnesota | 96.39% |
| Puerto Rico | 2.93% |
| Guam | 0.08% |
| Virgin Islands | 0.60% |
| Source: Delaware Investments | |
| Delaware Investments National Municipal Income Fund | |
|---|---|
| Arizona | 25.95% |
| Arkansas | 0.73% |
| California | 7.92% |
| Colorado | 1.47% |
| Delaware | 0.65% |
| District of Columbia | 0.51% |
| Florida | 11.88% |
| Georgia | 1.93% |
| Hawaii | 0.79% |
| Illinois | 2.30% |
| Iowa | 0.86% |
| Kansas | 0.34% |
| Louisiana | 1.23% |
| Maine | 0.31% |
| Maryland | 2.32% |
| Massachusetts | 2.15% |
| Michigan | 0.27% |
| Minnesota | 0.19% |
| Missouri | 1.42% |
| New Hampshire | 0.71% |
| New Jersey | 1.85% |
| New Mexico | 0.99% |
| New York | 9.89% |
| Ohio | 3.05% |
| Oregon | 0.33% |
| Pennsylvania | 7.65% |
| Puerto Rico | 6.63% |
| Texas | 3.95% |
| Virginia | 1.05% |
| West Virginia | 0.02% |
| Wyoming | 0.30% |
| Guam | 0.36% |
| Source: Delaware Investments | |
* Delaware Investments Arizona Municipal Income Fund, Inc. merged into Delaware Investments National Municipal Income Fund after the close of business on June 17, 2011. The tax information for Delaware Investments Arizona Municipal Income Fund, Inc. is applicable to any shares held in 2011 prior to the date of the merger. If you were a shareholder of Delaware Investments Arizona Municipal Income Fund, Inc. at the time of the merger, you may need to base your calculations on the base rates for both funds. Please consult your tax advisor about your particular situation.
The information contained in the Tax Center is not intended to be legal or tax advice. If you need assistance preparing your tax return, please consult a tax advisor.
Information may be abridged and therefore incomplete. Any discussion pertaining to taxes in this communication (including attachments) may be part of the promotion or marketing of a product. As provided for in government regulations, advice (if any) related to federal taxes that is contained in this communication (including attachments) is not intended or written to be used, and cannot be used, for the purpose of avoiding penalties under the Internal Revenue Code. Individuals should seek advice based on their own particular circumstances from an independent tax advisor.