Rhode Island Code of Regulations
Title 280 - Department of Revenue
Chapter 20 - Division of Taxation
Subchapter 55 - Personal Income Tax
Part 7 - Trust Distributions (280-RICR-20-55-7)
Section 280-RICR-20-55-7.5 - Reference and Definitions
Universal Citation: 280 RI Code of Rules 20 55 7.5
Current through September 18, 2024
A. "Accumulation distribution" has the meaning set out in 26 U.S. Code §665(b), as amended.
B. "Discretionary trust" means a trust where the fiduciary has a discretionary power to distribute income or to accumulate income.
C. "Income" has the meaning set out in 26 U.S.C. § 643(b), as amended.
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