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For the calendar year 2009, income dividends received from investments in all classes of the funds on the chart below are generally exempt from federal income tax. The exemption of dividends for federal income tax purposes may or may not result in similar exemptions under the laws of a particular state or local taxing authority. Generally, 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 for your information is the percentage of interest income earned on municipal obligations on a state-by-state basis during the calendar year 2009.
A note about AMT
A portion of the income paid to Delaware Investments state-specific tax-free funds shareholders is subject to the federal alternative minimum tax (AMT) that applies to some investors. See Tax-free funds and AMT — state tax-free funds for more information.
| Delaware Investments tax-exempt fund |
Source of income |
| Tax-Free Arizona Fund |
Arizona: 81.57%
Puerto Rico: 16.66%
Guam: 0.87%
Virgin Islands: 0.85%
Other tax-free: 0.05% |
| Tax-Free California Fund |
California: 89.85%
Puerto Rico: 8.53%
Guam: 1.51%
Other tax-free: 0.11% |
| Tax-Free Colorado Fund |
Colorado: 86.73%
Puerto Rico: 11.67%
Guam: 0.72%
Virgin Islands: 0.81%
Other tax-free: 0.07% |
| Tax-Free Idaho Fund |
Idaho: 76.58%
Puerto Rico: 20.28%
Guam: 1.20%
Virgin Islands: 1.76%
Other tax-free: 0.18% |
| Minnesota High-Yield Municipal Bond Fund |
Minnesota: 95.55%
Puerto Rico: 3.78%
Virgin Islands: 0.63%
Other tax-free: 0.04% |
| Tax-Free Minnesota Intermediate Fund |
Minnesota: 95.74%
Puerto Rico: 4.15%
Other tax-free: 0.11% |
| Tax-Free Minnesota Fund |
Minnesota: 95.25%
Puerto Rico: 4.44%
Virgin Islands: 0.27%
Other tax-free: 0.04% |
| Tax-Free New York Fund |
New York: 85.71%
Puerto Rico: 13.17%
Guam: 1.12% |
| Tax-Free Pennsylvania Fund |
Pennsylvania: 91.42%
Puerto Rico: 8.20%
Guam: 0.38% |
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.
Investors should consider the investment objectives, risks and charges and expenses of a Fund carefully before investing. Each Fund's prospectus contains this and other important information about the Fund. Please request a prospectus by calling 800 523-1918 or by visiting the prospectuses & shareholder reports section of www.delawareinvestments.com. Read it carefully before investing or sending money.
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