Governor Deval Patrick's Budget Recommendation - House 2 Fiscal Year 2015

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


Item DescriptionFY2011 FY2012 FY2013 FY2014 FY2015
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. N.A. N.A.

Key:

ORIGIN  
IRCFederal 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.


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