Tax Rate: 0.00%
Is the tax rate high or low?
The tax rate of 0.00% is 100% below its 5-year average of 25.00%, near the low end of its 5-year range (0.00%–100.00%).
NMS Tax Rate
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
NMS Average Tax Rate Chart
NMS Current vs Average Tax Rate Chart
NMS Tax Rate Metrics
TAX RATE
0.00%
TAX RATE AVG TTM
0.00%
TAX RATE AVG 3Y
40.00%
TAX RATE AVG 5Y
25.00%
TAX RATE AVG 10Y
N/A
TAX RATE AVG 15Y
N/A
TAX RATE AVG 20Y
N/A
CURRENT VS TTM AVG
N/A
CURRENT VS 3Y AVG
-100.00%
CURRENT VS 5Y AVG
-100.00%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
Tax Rate Formula & Definition
Tax rate measures income tax expense as a percentage of income before tax. It helps compare tax efficiency and identify unusual tax effects.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Tax Rate FAQ
- What is the tax rate for Nuveen Minnesota Quality Municipal Income Fund (NMS)?
- The tax rate for NMS stock is 0.00%.
- Is Nuveen Minnesota Quality Municipal Income Fund's tax rate high or low?
- The tax rate of 0.00% is 100% below its 5-year average of 25.00%, near the low end of its 5-year range (0.00%–100.00%).
- What is the TTM average tax rate for Nuveen Minnesota Quality Municipal Income Fund (NMS)?
- The TTM average tax rate for NMS stock is 0.00%.
- What is the 3Y average tax rate for Nuveen Minnesota Quality Municipal Income Fund (NMS)?
- The 3Y average tax rate for NMS stock is 40.00%.
- What is the 5Y average tax rate for Nuveen Minnesota Quality Municipal Income Fund (NMS)?
- The 5Y average tax rate for NMS stock is 25.00%.
NMS Tax Rate History
| DATE | TAX RATE |
|---|---|
| 2025-11-30 | 0.00% |
| 2024-11-30 | 0.00% |
| 2024-05-31 | 0.00% |
| 2023-11-30 | 100.00% |
| 2023-05-31 | 100.00% |
| 2021-11-30 | 0.00% |
| 2021-05-31 | 0.00% |
| 2020-11-30 | 0.00% |
| 2019-11-30 | 0.00% |
| 2019-05-31 | 0.00% |
Related Metrics
About Nuveen Minnesota Quality Municipal Income Fund
The Nuveen Minnesota Quality Municipal Income Fund (NMS) operates as a closed-end mutual fund, focusing on fixed income assets, initially launched by Nuveen Investments, Inc. Its management responsibilities are jointly handled by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. The fund primarily allocates its capital within the fixed income markets across the United States. A core part of its strategy involves investing in investment-grade municipal bonds that provide exemptions from regular federal and Minnesota personal income taxes. To ensure quality, the fund targets securities with a credit rating of at least Baa/BBB or better, as assessed by S&P, Moody's, or Fitch. This fund, formerly recognized as the Nuveen Minnesota Municipal Income Fund, was established on June 25, 1993, and is domiciled in the United States.
- Sector
- Financial Services
- Industry
- Asset Management - Income
- CEO
- Christopher L. Drahn