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1.412 -Nontaxation of Charitable Purpose Income of Trustees, Executors or Administrators

Item	Description	FY2010	FY2011	FY2012
1.412	Nontaxation of Charitable Purpose Income of Trustees, Executors or Administrators The adjusted gross income of trustees, executors or administrators, which is currently payable to or irrevocably set aside for public charitable purposes is tax-exempt. Origin: M.G.L. c. 62, S. 3A(a)(2) and B(a)(2) Estimate: N.A.	N.A.	N.A.	N.A.

Key:

ORIGIN
IRC	Federal Internal Revenue Code (26 U.S.C.)
U.S.C	United States Code
M.G.L.	Massachusetts General Laws
Rev. Rul.; C.B.	Revenue Ruling; Cumulative Bulletin of the U.S. Treasury
ESTIMATES	All estimates are in $ millions.