SUB Tax Information
iShares Short-Term 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.
SUB is a massive, highly liquid national municipal bond ETF designed for investors who want tax-free income but are looking to minimize interest rate risk by sticking to short-term bonds. Like its larger sibling MUB, its income is generally 100% exempt from the federal Alternative Minimum Tax (AMT).
Planning Point: Because SUB is a broadly diversified national fund, it typically does not hold enough assets in any single state to meet states with strict exemption thresholds (such as California's 50% rule).
State-by-State Breakdown
| State / Territory | % of Dividend |
|---|---|
| California | 12.32% |
| 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 | 12.78% |
| North Carolina | ??.??% |
| North Dakota | ??.??% |
| Ohio | ??.??% |
| Oklahoma | ??.??% |
| Oregon | ??.??% |
| Pennsylvania | ??.??% |
| Puerto Rico | ??.??% |
| Rhode Island | ??.??% |
| South Carolina | ??.??% |
| South Dakota | ??.??% |
| Tennessee | ??.??% |
| Texas | 12.56% |
| Utah | ??.??% |
| Vermont | ??.??% |
| Virginia | ??.??% |
| Washington | ??.??% |
| West Virginia | ??.??% |
| Wisconsin | ??.??% |
| Wyoming | ??.??% |