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us-ma/statute/62/11a/block-1 — Section 11A · Axiom

Section 11A

General Laws

Part I ADMINISTRATION OF THE GOVERNMENT

Title IX TAXATION

Chapter 62 TAXATION OF INCOMES

Section 11A Income from pooled income funds and charitable remainder annuity trusts or unitrusts; deduction and withholding

in view

Whole section

▸rulespec code

Shown source

statutes/62/11a.yaml

Displaying the canonical repository encoding.

This encoding covers the parent provision us-ma/statute/62/11a; no dedicated encoding exists for this exact provision yet.

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Rules

trustee_payment_withholding_required

Derived

source: 11A

- name: trustee_payment_withholding_required
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Year
  source: 11A
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us-ma/statute/62/11a
            excerpt: >-
              Every trustee of a pooled income fund ... and every trustee of a charitable remainder
              annuity trust or a charitable remainder unitrust
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us-ma/statute/62/11a
            excerpt: >-
              who is an inhabitant of the commonwealth and who makes payment to a beneficiary who is
              an inhabitant of the commonwealth
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us-ma/statute/62/11a
            excerpt: of income subject to the taxes imposed by this chapter shall deduct and withhold tax
  versions:
    - effective_from: '0001-01-01'
      formula: >-
        (payment_made_by_trustee_of_pooled_income_fund_defined_in_code_section_642_c_5

        or
        payment_made_by_trustee_of_charitable_remainder_annuity_trust_defined_in_code_section_664_d

        or payment_made_by_trustee_of_charitable_remainder_unitrust_defined_in_code_section_664_d)

        and trustee_is_inhabitant_of_commonwealth

        and beneficiary_is_inhabitant_of_commonwealth

        and payment_income_subject_to_taxes_imposed_by_this_chapter

tax_required_to_be_deducted_and_withheld_from_trust_payment

Derived

source: 11A

- name: tax_required_to_be_deducted_and_withheld_from_trust_payment
  kind: derived
  entity: Payment
  dtype: Money
  period: Year
  unit: USD
  source: 11A
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-ma/statute/62/11a
            excerpt: >-
              shall deduct and withhold tax upon such income at the rate or rates applicable under
              the provisions of this chapter to the class or classes of income so paid
        - path: versions[0].formula
          kind: import
          import:
            target: us-ma:statutes/62/11a#trustee_payment_withholding_required
            output: trustee_payment_withholding_required
            hash: sha256:local
  versions:
    - effective_from: '0001-01-01'
      formula: >-
        if trustee_payment_withholding_required: max(0, trust_payment_income_subject_to_chapter_tax)
        * applicable_tax_rate_for_class_of_income_under_this_chapter else: 0

beneficiary_credit_for_trust_payment_tax_withheld

Derived

source: 11A

- name: beneficiary_credit_for_trust_payment_tax_withheld
  kind: derived
  entity: Payment
  dtype: Money
  period: Year
  unit: USD
  source: 11A
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-ma/statute/62/11a
            excerpt: >-
              The amount deducted and withheld as tax ... shall be allowed as a credit to the
              beneficiary
        - path: versions[0].formula
          kind: import
          import:
            target: us-ma:statutes/62/11a#tax_required_to_be_deducted_and_withheld_from_trust_payment
            output: tax_required_to_be_deducted_and_withheld_from_trust_payment
            hash: sha256:local
  versions:
    - effective_from: '0001-01-01'
      formula: tax_required_to_be_deducted_and_withheld_from_trust_payment

▸citations (1)

References

This rule cites 1 other rule.

MA 62 § 11AinferredMA › Statutes › Title 62 › § 11A

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Section 11A

Official source

General Laws

Part I ADMINISTRATION OF THE GOVERNMENT

Title IX TAXATION

Chapter 62 TAXATION OF INCOMES

Section 11A Income from pooled income funds and charitable remainder annuity trusts or unitrusts; deduction and withholding

in view

Whole section

▸rulespec code

Shown source

statutes/62/11a.yaml

Displaying the canonical repository encoding.

This encoding covers the parent provision us-ma/statute/62/11a; no dedicated encoding exists for this exact provision yet.

View on GitHub

Rules

trustee_payment_withholding_required

Derived

source: 11A

- name: trustee_payment_withholding_required
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Year
  source: 11A
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us-ma/statute/62/11a
            excerpt: >-
              Every trustee of a pooled income fund ... and every trustee of a charitable remainder
              annuity trust or a charitable remainder unitrust
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us-ma/statute/62/11a
            excerpt: >-
              who is an inhabitant of the commonwealth and who makes payment to a beneficiary who is
              an inhabitant of the commonwealth
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us-ma/statute/62/11a
            excerpt: of income subject to the taxes imposed by this chapter shall deduct and withhold tax
  versions:
    - effective_from: '0001-01-01'
      formula: >-
        (payment_made_by_trustee_of_pooled_income_fund_defined_in_code_section_642_c_5

        or
        payment_made_by_trustee_of_charitable_remainder_annuity_trust_defined_in_code_section_664_d

        or payment_made_by_trustee_of_charitable_remainder_unitrust_defined_in_code_section_664_d)

        and trustee_is_inhabitant_of_commonwealth

        and beneficiary_is_inhabitant_of_commonwealth

        and payment_income_subject_to_taxes_imposed_by_this_chapter

tax_required_to_be_deducted_and_withheld_from_trust_payment

Derived

source: 11A

- name: tax_required_to_be_deducted_and_withheld_from_trust_payment
  kind: derived
  entity: Payment
  dtype: Money
  period: Year
  unit: USD
  source: 11A
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-ma/statute/62/11a
            excerpt: >-
              shall deduct and withhold tax upon such income at the rate or rates applicable under
              the provisions of this chapter to the class or classes of income so paid
        - path: versions[0].formula
          kind: import
          import:
            target: us-ma:statutes/62/11a#trustee_payment_withholding_required
            output: trustee_payment_withholding_required
            hash: sha256:local
  versions:
    - effective_from: '0001-01-01'
      formula: >-
        if trustee_payment_withholding_required: max(0, trust_payment_income_subject_to_chapter_tax)
        * applicable_tax_rate_for_class_of_income_under_this_chapter else: 0

beneficiary_credit_for_trust_payment_tax_withheld

Derived

source: 11A

- name: beneficiary_credit_for_trust_payment_tax_withheld
  kind: derived
  entity: Payment
  dtype: Money
  period: Year
  unit: USD
  source: 11A
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-ma/statute/62/11a
            excerpt: >-
              The amount deducted and withheld as tax ... shall be allowed as a credit to the
              beneficiary
        - path: versions[0].formula
          kind: import
          import:
            target: us-ma:statutes/62/11a#tax_required_to_be_deducted_and_withheld_from_trust_payment
            output: tax_required_to_be_deducted_and_withheld_from_trust_payment
            hash: sha256:local
  versions:
    - effective_from: '0001-01-01'
      formula: tax_required_to_be_deducted_and_withheld_from_trust_payment

▸citations (1)

References

This rule cites 1 other rule.

MA 62 § 11AinferredMA › Statutes › Title 62 › § 11A