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, §§ 3A(a)(2) and B(a)(2)
Tax Type
Tax Expenditure
Item Number
Item Name
Description
Origin
FY2016
FY2017
FY2018
FY2019
FY2020
Personal Income Tax
Deductions from Adjusted Gross Income
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.
M.G.L. <a href="http://www.mass.gov/legis/laws/mgl/62-3.htm" target="_blank">c. 62, §§ 3A(a)(2) and B(a)(2)</a>
N.A.
N.A.
N.A.
N.A.
N.A.
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