Municipal Income Funds: Percentage of interest income subject to AMT

The alternative minimum tax (AMT) was created for taxpayers who are eligible for certain tax deductions from their adjusted gross income. With the AMT, many deductions and credits normally allowed are eliminated for specific taxpayers.

A shareholder who is an individual can determine if the AMT applies to him or her by completing the AMT calculation on IRS Form 6251 or by using the Alternative Minimum Tax (AMT) Assistant for Individuals tool available on the IRS website at The instructions for Form 6251 and the IRS AMT Assistant tool will assist shareholders with calculating their AMT. A percentage of the income earned on the tax-exempt funds may be subject to the AMT. The information below is for calendar year 2017.

Fund Percentage of interest income
subject to AMT for 2017
Delaware Investments® Colorado Municipal Income Fund, Inc. 1.58%
Delaware Investments® National Municipal Income Fund 5.84%
Delaware Investments® Minnesota Municipal Income Fund II, Inc. 6.53%

The information contained in this section 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. 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.