American Funds®

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State Tax Exclusions for U.S. Government Income Worksheet

The American Funds listed below distributed income from U.S. government obligations. Some of the ordinary dividends paid by these funds may be excluded from state income tax.

States and Jurisdictions Allowing Exclusions

To the best of our knowledge, the states and jurisdictions listed below allow individual shareholders to exclude from their state taxable income the portion of mutual fund dividends derived from interest on certain U.S. government obligations. The state tax exclusion may not apply to corporations and other entities. (States without individual income tax are not listed.)

  • Alabama
  • Arizona
  • Arkansas
  • California*
  • Colorado
  • Connecticut*
  • Delaware
  • District of Columbia
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York*
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • Tennessee
  • Utah
  • Vermont
  • Virginia
  • West Virginia
  • Wisconsin

Worksheet Instructions

  1. An individual taxpayer filing an income tax return in one of the states or jurisdictions listed above (except California, Connecticut and New York), who owns shares of any of the below American Funds, should complete this worksheet. Corporations and other entities should consult their tax advisors.
  2. For each fund owned, enter the Total Ordinary Dividends reported in Box 1a of Form 1099-DIV in the Ordinary Dividends box of this worksheet. (If more than one share class of any of these funds are owned, the ordinary dividend amounts of the different share classes need to be added together to determine the fund’s total Ordinary Dividends.

What You Will Need

You will need the Total Ordinary Dividends (Box 1a) of Form 1099-DIV to calculate your total state tax exclusion for each fund owned.

Shareholders Filing Returns in California, Connecticut and New York

The percentage of the dividends paid by American Funds Inflation Linked Bond Fund as disclosed in the table qualifies for the exclusion. No other fund’s dividends qualified.

*For California, Connecticut and New York shareholders, the percentage of the dividends paid by American Funds Inflation Linked Bond Fund, as disclosed in the table, qualifies for the exclusion. No other fund’s dividends qualified.

Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing.

Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.

To determine your individual tax situation, please consult your tax advisor.