diff --git a/pkg/core/state/notification_event.go b/pkg/core/state/notification_event.go
index 48027137d5..6fa365e598 100644
--- a/pkg/core/state/notification_event.go
+++ b/pkg/core/state/notification_event.go
@@ -1,7 +1,9 @@
 package state
 
 import (
+	"encoding/json"
 	"errors"
+	"fmt"
 
 	"github.com/nspcc-dev/neo-go/pkg/io"
 	"github.com/nspcc-dev/neo-go/pkg/smartcontract/trigger"
@@ -13,9 +15,9 @@ import (
 // NotificationEvent is a tuple of scripthash that emitted the Item as a
 // notification and that item itself.
 type NotificationEvent struct {
-	ScriptHash util.Uint160
-	Name       string
-	Item       *stackitem.Array
+	ScriptHash util.Uint160     `json:"contract"`
+	Name       string           `json:"eventname"`
+	Item       *stackitem.Array `json:"state"`
 }
 
 // AppExecResult represent the result of the script execution, gathering together
@@ -79,3 +81,40 @@ func (aer *AppExecResult) DecodeBinary(r *io.BinReader) {
 	}
 	r.ReadArray(&aer.Events)
 }
+
+// notificationEventAux is an auxiliary struct for NotificationEvent JSON marshalling
+type notificationEventAux struct {
+	ScriptHash util.Uint160    `json:"contract"`
+	Name       string          `json:"eventname"`
+	Item       json.RawMessage `json:"state"`
+}
+
+func (ne *NotificationEvent) MarshalJSON() ([]byte, error) {
+	item, err := stackitem.ToJSONWithTypes(ne.Item)
+	if err != nil {
+		return nil, err
+	}
+	return json.Marshal(&notificationEventAux{
+		ScriptHash: ne.ScriptHash,
+		Name:       ne.Name,
+		Item:       item,
+	})
+}
+
+func (ne *NotificationEvent) UnmarshalJSON(data []byte) error {
+	aux := new(notificationEventAux)
+	if err := json.Unmarshal(data, aux); err != nil {
+		return err
+	}
+	item, err := stackitem.FromJSONWithTypes(aux.Item)
+	if err != nil {
+		return err
+	}
+	if t := item.Type(); t != stackitem.ArrayT {
+		return fmt.Errorf("failed to convert notification event state of type %s to array", t.String())
+	}
+	ne.Item = item.(*stackitem.Array)
+	ne.Name = aux.Name
+	ne.ScriptHash = aux.ScriptHash
+	return nil
+}
diff --git a/pkg/rpc/client/rpc_test.go b/pkg/rpc/client/rpc_test.go
index da1667e2d8..f2233d9737 100644
--- a/pkg/rpc/client/rpc_test.go
+++ b/pkg/rpc/client/rpc_test.go
@@ -119,7 +119,7 @@ var rpcClientTestCases = map[string][]rpcClientTestCase{
 					VMState:     "HALT",
 					GasConsumed: 1,
 					Stack:       []stackitem.Item{stackitem.NewBigInteger(big.NewInt(1))},
-					Events:      []result.NotificationEvent{},
+					Events:      []state.NotificationEvent{},
 				}
 			},
 		},
diff --git a/pkg/rpc/client/wsclient.go b/pkg/rpc/client/wsclient.go
index f434ff51aa..70ede7790b 100644
--- a/pkg/rpc/client/wsclient.go
+++ b/pkg/rpc/client/wsclient.go
@@ -8,6 +8,7 @@ import (
 
 	"github.com/gorilla/websocket"
 	"github.com/nspcc-dev/neo-go/pkg/core/block"
+	"github.com/nspcc-dev/neo-go/pkg/core/state"
 	"github.com/nspcc-dev/neo-go/pkg/core/transaction"
 	"github.com/nspcc-dev/neo-go/pkg/rpc/request"
 	"github.com/nspcc-dev/neo-go/pkg/rpc/response"
@@ -141,7 +142,7 @@ readloop:
 			case response.TransactionEventID:
 				val = &transaction.Transaction{Network: c.opts.Network}
 			case response.NotificationEventID:
-				val = new(result.NotificationEvent)
+				val = new(state.NotificationEvent)
 			case response.ExecutionEventID:
 				val = new(result.ApplicationLog)
 			case response.MissedEventID:
diff --git a/pkg/rpc/response/result/application_log.go b/pkg/rpc/response/result/application_log.go
index 455f1d4319..dbd2be0441 100644
--- a/pkg/rpc/response/result/application_log.go
+++ b/pkg/rpc/response/result/application_log.go
@@ -4,7 +4,6 @@ import (
 	"encoding/json"
 
 	"github.com/nspcc-dev/neo-go/pkg/core/state"
-	"github.com/nspcc-dev/neo-go/pkg/smartcontract"
 	"github.com/nspcc-dev/neo-go/pkg/util"
 	"github.com/nspcc-dev/neo-go/pkg/vm/stackitem"
 )
@@ -17,23 +16,16 @@ type ApplicationLog struct {
 	VMState     string
 	GasConsumed int64
 	Stack       []stackitem.Item
-	Events      []NotificationEvent
-}
-
-//NotificationEvent response wrapper
-type NotificationEvent struct {
-	Contract util.Uint160            `json:"contract"`
-	Name     string                  `json:"eventname"`
-	Item     smartcontract.Parameter `json:"state"`
+	Events      []state.NotificationEvent
 }
 
 type applicationLogAux struct {
-	TxHash      util.Uint256        `json:"txid"`
-	Trigger     string              `json:"trigger"`
-	VMState     string              `json:"vmstate"`
-	GasConsumed int64               `json:"gasconsumed,string"`
-	Stack       []json.RawMessage   `json:"stack"`
-	Events      []NotificationEvent `json:"notifications"`
+	TxHash      util.Uint256              `json:"txid"`
+	Trigger     string                    `json:"trigger"`
+	VMState     string                    `json:"vmstate"`
+	GasConsumed int64                     `json:"gasconsumed,string"`
+	Stack       []json.RawMessage         `json:"stack"`
+	Events      []state.NotificationEvent `json:"notifications"`
 }
 
 // MarshalJSON implements json.Marshaler.
@@ -80,30 +72,14 @@ func (l *ApplicationLog) UnmarshalJSON(data []byte) error {
 	return nil
 }
 
-// StateEventToResultNotification converts state.NotificationEvent to
-// result.NotificationEvent.
-func StateEventToResultNotification(event state.NotificationEvent) NotificationEvent {
-	seen := make(map[stackitem.Item]bool)
-	item := smartcontract.ParameterFromStackItem(event.Item, seen)
-	return NotificationEvent{
-		Contract: event.ScriptHash,
-		Name:     event.Name,
-		Item:     item,
-	}
-}
-
 // NewApplicationLog creates a new ApplicationLog wrapper.
 func NewApplicationLog(appExecRes *state.AppExecResult) ApplicationLog {
-	events := make([]NotificationEvent, 0, len(appExecRes.Events))
-	for _, e := range appExecRes.Events {
-		events = append(events, StateEventToResultNotification(e))
-	}
 	return ApplicationLog{
 		TxHash:      appExecRes.TxHash,
 		Trigger:     appExecRes.Trigger.String(),
 		VMState:     appExecRes.VMState.String(),
 		GasConsumed: appExecRes.GasConsumed,
 		Stack:       appExecRes.Stack,
-		Events:      events,
+		Events:      appExecRes.Events,
 	}
 }
diff --git a/pkg/rpc/server/server.go b/pkg/rpc/server/server.go
index f89bf00acc..f69c4962ea 100644
--- a/pkg/rpc/server/server.go
+++ b/pkg/rpc/server/server.go
@@ -1162,7 +1162,7 @@ chloop:
 			resp.Payload[0] = result.NewApplicationLog(execution)
 		case notification := <-s.notificationCh:
 			resp.Event = response.NotificationEventID
-			resp.Payload[0] = result.StateEventToResultNotification(*notification)
+			resp.Payload[0] = *notification
 		case tx := <-s.transactionCh:
 			resp.Event = response.TransactionEventID
 			resp.Payload[0] = tx
diff --git a/pkg/rpc/server/subscription.go b/pkg/rpc/server/subscription.go
index 3b2b728b52..fb8b7eec08 100644
--- a/pkg/rpc/server/subscription.go
+++ b/pkg/rpc/server/subscription.go
@@ -3,6 +3,7 @@ package server
 import (
 	"github.com/gorilla/websocket"
 	"github.com/nspcc-dev/neo-go/pkg/core/block"
+	"github.com/nspcc-dev/neo-go/pkg/core/state"
 	"github.com/nspcc-dev/neo-go/pkg/core/transaction"
 	"github.com/nspcc-dev/neo-go/pkg/rpc/request"
 	"github.com/nspcc-dev/neo-go/pkg/rpc/response"
@@ -72,8 +73,8 @@ func (f *feed) Matches(r *response.Notification) bool {
 		return senderOK && signerOK
 	case response.NotificationEventID:
 		filt := f.filter.(request.NotificationFilter)
-		notification := r.Payload[0].(result.NotificationEvent)
-		hashOk := filt.Contract == nil || notification.Contract.Equals(*filt.Contract)
+		notification := r.Payload[0].(state.NotificationEvent)
+		hashOk := filt.Contract == nil || notification.ScriptHash.Equals(*filt.Contract)
 		nameOk := filt.Name == nil || notification.Name == *filt.Name
 		return hashOk && nameOk
 	case response.ExecutionEventID: