Utah Taxpayer Information
Updated for 2023
Utah Taxpayers: Determine State Tax-Exempt Status on Income
Only income from municipal bonds based in Utah and the states below are state tax-exempt for Utah taxpayers. All other income is taxable to Utah residents, unless the income dividends are derived from:
Bonds purchased by the fund prior to January 1, 2003
Federal government obligations, including U.S. territories
Utah obligations
Obligations of one of these 10 states: Alaska, District of Columbia, Florida, Indiana*, Nevada, North Dakota, South Dakota, Texas, Washington, or Wyoming
* Bonds purchased by the fund prior to January 1, 2012, only.
Mutual Funds
Percentage of Income Taxable to Utah Residents
Fund | Percentage |
California High-Yield Municipal Fund | 98% |
California Intermediate-Term Tax-Free Bond Fund | 100% |
California Tax-Free Money Market Fund¹ | 100% |
High-Yield Municipal Fund | 76% |
Intermediate-Term Tax-Free Bond Fund | 77% |
Tax-Free Money Market Fund¹ | 80% |
Exchange Traded Funds (ETFs)
Percentage of Income Taxable to Utah Residents
Fund | Percentage |
American Century® Diversified Municipal Bond ETF - (TAXF)² | 74% |
Exchange Traded Funds (ETFs) are bought and sold through exchange trading at market price (not NAV), and are not individually redeemed from the fund. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns.
Exchange Traded Funds (ETFs): Foreside Fund Services, LLC - Distributor, not affiliated with American Century Investment Services, Inc.
Money Market Fund: You could lose money by investing in the fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. The fund may impose a fee upon sale of your shares. An investment in the fund is not a bank account and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The fund's sponsor is not required to reimburse the fund for losses, and you should not expect that the sponsor will provide financial support to the fund at any time, including during periods of market stress.
This fund is an actively managed ETF that does not seek to replicate the performance of a specified index. To determine whether to buy or sell a security, the portfolio managers consider, among other things, various fund requirements and standards, along with economic conditions, alternative investments, interest rates and various credit metrics. If the portfolio manager considerations are inaccurate or misapplied, the fund's performance may suffer.
Mutual Funds: American Century Investment Services, Inc., Distributor.
IRS Circular 230 Disclosure: American Century Companies, Inc. and its affiliates do not provide tax advice. Accordingly, any discussion of U.S. tax matters contained herein (including any attachments) is not intended or written to be used, and cannot be used, in connection with the promotion, marketing or recommendation by anyone unaffiliated with American Century Companies, Inc. of any of the matters addressed herein or for the purpose of avoiding U.S. tax-related penalties.
This information is for educational purposes only and is not intended as tax advice. Please consult your tax advisor for more detailed information or for advice regarding your individual situation.