Governor Charles D. Baker's Budget Recommendation - House 1 Fiscal Year 2016

Search for line item

Go

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


Item DescriptionFY2012 FY2013 FY2014 FY2015 FY2016
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.


top of page link top of page