MUB Tax Information
iShares National Muni Bond ETF
California State Tax Information
California
State Sourced
Federal AMT
Subject to AMT
*Disclaimer: Verify with official iShares docs and a qualified state tax professional before use with your return.
California State Tax Exempt Calculation
How to calculate
In most cases you would multiply Box 12 of your 1099-DIV by your state's percentage. See important limitations below:
CA and a few other states generally requires funds to hold 50% in-state assets or the exemption drops to 0%. Utah and a few other states have special rules that may allow a greater deduction. This is data aggregation not tax advice. Consult a qualified state tax professional before using with your tax return.
Fiduciary Note
California Residents: You are viewing the localized tax profile for California. See the highlighted cell above for your specific state sourced percentage. In most states this is the exemption percentage.
MUB is one of the largest and most popular national municipal bond ETFs on the market, providing broad exposure to investment-grade U.S. municipal bonds. A key benefit of this fund is that its interest income is generally 100% exempt from the federal Alternative Minimum Tax (AMT).
Planning Point: Because MUB is a highly diversified national fund, its allocation to any single state is relatively low. As a result, it typically does not meet the strict 50% in-state asset threshold required by states like California, meaning residents of those states generally cannot claim a state tax exemption for MUB dividends.
State-by-State Breakdown
| State / Territory | % of Dividend |
|---|---|
| California | 16.49% |
| Alabama | ??.??% |
| Alaska | ??.??% |
| Arizona | ??.??% |
| Arkansas | ??.??% |
| Colorado | ??.??% |
| Connecticut | ??.??% |
| Delaware | ??.??% |
| District of Columbia | ??.??% |
| Florida | ??.??% |
| Georgia | ??.??% |
| Hawaii | ??.??% |
| Idaho | ??.??% |
| Illinois | ??.??% |
| Indiana | ??.??% |
| Iowa | ??.??% |
| Kansas | ??.??% |
| Kentucky | ??.??% |
| Louisiana | ??.??% |
| Maine | ??.??% |
| Maryland | ??.??% |
| Massachusetts | ??.??% |
| Michigan | ??.??% |
| Minnesota | ??.??% |
| Mississippi | ??.??% |
| Missouri | ??.??% |
| Montana | ??.??% |
| Nebraska | ??.??% |
| Nevada | ??.??% |
| New Hampshire | ??.??% |
| New Jersey | ??.??% |
| New Mexico | ??.??% |
| New York | 22.73% |
| North Carolina | ??.??% |
| North Dakota | ??.??% |
| Ohio | ??.??% |
| Oklahoma | ??.??% |
| Oregon | ??.??% |
| Pennsylvania | ??.??% |
| Puerto Rico | ??.??% |
| Rhode Island | ??.??% |
| South Carolina | ??.??% |
| South Dakota | ??.??% |
| Tennessee | ??.??% |
| Texas | 11.30% |
| Utah | ??.??% |
| Vermont | ??.??% |
| Virginia | ??.??% |
| Washington | ??.??% |
| West Virginia | ??.??% |
| Wisconsin | ??.??% |
| Wyoming | ??.??% |