Fund Tax Pro
PRXCX California (CA) exempt-interest percentage, tax year 2025
T. Rowe Price California Tax-Free Bond Fund is T. Rowe Price's California fund, so California is the state its table centers on.
| Item | Published figure | Fund company source |
|---|---|---|
| California share of exempt-interest dividends, 2025 | ••.••% | 2025 Tax Information for Tax-Free Funds (saved web page) Page 14. Taxability of State Tax-Free Funds' Dividend Income |
| Federal AMT percentage, 2025 | ••.••% | 2025 Tax Information for Tax-Free Funds (saved web page) Page 14 |
Working out PRXCX state deductibility in California
Preparers looking up PRXCX for a California return usually start with the fund's California percentage. Multiply it by the exempt-interest dividends in Box 12 of Form 1099-DIV to get the California portion. Fund Tax Pro supplies the published percentage, the calculation and the source; the preparer decides how it is treated on the return.
Backup for the client file
The backup PDF records PRXCX's tax year 2025 percentage for California, the calculation, the document title (2025 Tax Information for Tax-Free Funds (saved web page)) and page 14. Subscribers can also download T. Rowe Price's document itself.