T. Rowe Price Summit Municipal Intermediate Fund (PRSMX, PAIFX, PRTMX): 2025 tax information

T. Rowe Price published the federal AMT percentage, state percentages and U.S. government obligation percentage for T. Rowe Price Summit Municipal Intermediate Fund for tax year 2025. This page shows what is on file for this mutual fund and where it was published.

T. Rowe Price Summit Municipal Intermediate Fund, tax year 2025
Item	Published figure	Fund company source
Federal AMT percentage	••.••%	2025 Tax Information for Tax-Free Funds (saved web page) Page 7. Percentage of income to include in the AMT calculation
Exempt-interest dividends by state (55 rows)	••.••%	2025 Tax Information for Tax-Free Funds (saved web page) Page 7. By-state table: Summit Municipal Funds
U.S. government obligation income	••.••%	2025 Interest on Direct U.S. Government Securities (saved web page) Page 1. Column 1: % of dividends from U.S. government securities

What's on file for this fund

The same figures apply across 3 listed tickers: PRSMX, PAIFX, PRTMX.
Share classes on file: Advisor and I.
The source reports this fund against 55 states and territories, with income above zero in 45 of them.

Federal AMT percentage. The share of the fund's exempt-interest dividends attributed to private activity bonds for the alternative minimum tax. It is applied to Form 1099-DIV, Box 12.
Exempt-interest dividends by state. The share of the fund's exempt-interest dividends that came from each state and territory. It is applied to Form 1099-DIV, Box 12.
U.S. government obligation income. The share of the fund's ordinary dividends that came from U.S. government obligations. It is applied to Form 1099-DIV, Box 1a.

How T. Rowe Price reports this

T. Rowe Price publishes its tax tables as web pages instead of a single document, including a by-state page and a U.S. government securities page.

Its by-state tables note that columns can total more than 100% because income on some bonds is exempt in more than one state. Its Utah row also includes certain non-Utah obligations, so that figure reads differently from the other states.

T. Rowe Price lists the percent of dividends from U.S. government securities, the percent of the fund held in them, and whether they were at least 50% of holdings.

PRSMX by state

Choose the state on the return to see that state's reference for this fund.

Common questions

How much of PRSMX's exempt-interest dividends came from my client's state?

T. Rowe Price reports this as a percentage for each state. It applies to the amount in Box 12 of Form 1099-DIV. The tax preparer decides how the result is treated on the return.

Does PRSMX report income from U.S. government obligations?

Yes. T. Rowe Price reports one percentage for this fund for tax year 2025, and it is the same whichever state the return is for. It applies to ordinary dividends in Box 1a of Form 1099-DIV.

Is any of PRSMX's income subject to the federal AMT?

T. Rowe Price publishes an AMT percentage for this fund for tax year 2025, applied to exempt-interest dividends.

More T. Rowe Price funds

All T. Rowe Price funds