
Click here to view the 2007 tax guide.
Income from U.S. Government Obligations
Some states
do not tax their residents on income received from a mutual fund that
is earned from U.S. Government Obligations. The following table
shows the percentage of total ordinary income dividends that was attributable
to interest earned from direct U.S. Government Obligations:
| % of Income Attributable to Direct U.S. Govt. | |
|---|---|
| Fund Name | Obligations |
| Buffalo Balanced Fund | 5.77% |
| Buffalo High Yield Fund | 6.26% |
| Buffalo Large Cap Fund | 12.21% |
| Buffalo Micro Cap Fund | 19.69% |
| Buffalo Mid Cap Fund | 16.62% |
| Buffalo Science & Technology Fund | 10.53% |
| Buffalo Small Cap Fund | 10.80% |
| Buffalo USA Global Fund | 22.58% |
| Buffalo Jayhawk China Fund | 1.59% |
Depending on
your state.s personal income tax laws, you may be entitled to declare
the above portion of your 2007 ordinary income dividends (Box 1) as
tax-exempt income on your state personal income tax return. However,
some states do not allow the .pass through. of this exempt-interest
income unless the percentage earned from U.S. Government Obligations
exceeds certain thresholds or unless other requirements are met.
Please consult your tax adviser or state authorities if you have any
questions regarding the percentage of income you can exclude when calculating
your state income tax.