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us-ma/statute/62/14/block-1 — Section 14 · Axiom

Section 14

Official source

General Laws

Part I ADMINISTRATION OF THE GOVERNMENT

Title IX TAXATION

Chapter 62 TAXATION OF INCOMES

Section 14 Applicability to corporate trustees

in view

Whole section

▸rulespec code

Shown source

statutes/62/14.yaml

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This encoding covers the parent provision us-ma/statute/62/14; no dedicated encoding exists for this exact provision yet.

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Rules

fiduciary_corporation_mortgagee_or_pledgee_tax_exception_applies

Derived

source: M.G.L. c. 62, § 14

- name: fiduciary_corporation_mortgagee_or_pledgee_tax_exception_applies
  kind: derived
  entity: Corporation
  dtype: Judgment
  period: Year
  source: M.G.L. c. 62, § 14
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us-ma/statute/62/14
            excerpt: >-
              no such corporation shall be taxed on account of any property the income of which
              would be taxable if received by an individual inhabitant
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us-ma/statute/62/14
            excerpt: >-
              if such property is held by such corporation as mortgagee or pledge to secure the
              payment of bonds, notes or other evidences of indebtedness
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us-ma/statute/62/14
            excerpt: >-
              the interest on which is subject to taxation to such individual inhabitants of the
              commonwealth as received it
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us-ma/statute/62/14
            excerpt: or the principal of which is exempt from taxation under laws other than this chapter
  versions:
    - effective_from: '0001-01-01'
      formula: >-
        property_income_would_be_taxable_if_received_by_individual_inhabitant

        and
        property_held_by_corporation_as_mortgagee_or_pledge_to_secure_payment_of_bonds_notes_or_other_evidences_of_indebtedness

        and
        (interest_on_secured_indebtedness_subject_to_taxation_to_individual_inhabitants_who_received_it

        or
        principal_of_secured_indebtedness_exempt_from_taxation_under_laws_other_than_this_chapter)

fiduciary_corporation_income_subject_to_chapter

Derived

source: M.G.L. c. 62, § 14

- name: fiduciary_corporation_income_subject_to_chapter
  kind: derived
  entity: Corporation
  dtype: Judgment
  period: Year
  source: M.G.L. c. 62, § 14
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us-ma/statute/62/14
            excerpt: Corporations acting as trustee or in any other fiduciary capacity
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us-ma/statute/62/14
            excerpt: with respect to the income received by them in that capacity
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-ma/statute/62/14
            excerpt: >-
              shall ... be subject to this chapter in the same manner and under the same conditions
              as individual inhabitants
        - path: versions[0].formula
          kind: import
          import:
            target: us-ma:statutes/62/14#fiduciary_corporation_mortgagee_or_pledgee_tax_exception_applies
            output: fiduciary_corporation_mortgagee_or_pledgee_tax_exception_applies
            hash: sha256:local
  versions:
    - effective_from: '0001-01-01'
      formula: |-
        corporation_acting_as_trustee_or_other_fiduciary
        and income_received_by_corporation_in_that_capacity
        and not fiduciary_corporation_mortgagee_or_pledgee_tax_exception_applies

▸citations (1)

References

This rule cites 1 other rule.

MA 62 § 14inferredMA › Statutes › Title 62 › § 14

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Section 14

Official source

General Laws

Part I ADMINISTRATION OF THE GOVERNMENT

Title IX TAXATION

Chapter 62 TAXATION OF INCOMES

Section 14 Applicability to corporate trustees

in view

Whole section

▸rulespec code

Shown source

statutes/62/14.yaml

Displaying the canonical repository encoding.

This encoding covers the parent provision us-ma/statute/62/14; no dedicated encoding exists for this exact provision yet.

View on GitHub

Rules

fiduciary_corporation_mortgagee_or_pledgee_tax_exception_applies

Derived

source: M.G.L. c. 62, § 14

- name: fiduciary_corporation_mortgagee_or_pledgee_tax_exception_applies
  kind: derived
  entity: Corporation
  dtype: Judgment
  period: Year
  source: M.G.L. c. 62, § 14
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us-ma/statute/62/14
            excerpt: >-
              no such corporation shall be taxed on account of any property the income of which
              would be taxable if received by an individual inhabitant
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us-ma/statute/62/14
            excerpt: >-
              if such property is held by such corporation as mortgagee or pledge to secure the
              payment of bonds, notes or other evidences of indebtedness
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us-ma/statute/62/14
            excerpt: >-
              the interest on which is subject to taxation to such individual inhabitants of the
              commonwealth as received it
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us-ma/statute/62/14
            excerpt: or the principal of which is exempt from taxation under laws other than this chapter
  versions:
    - effective_from: '0001-01-01'
      formula: >-
        property_income_would_be_taxable_if_received_by_individual_inhabitant

        and
        property_held_by_corporation_as_mortgagee_or_pledge_to_secure_payment_of_bonds_notes_or_other_evidences_of_indebtedness

        and
        (interest_on_secured_indebtedness_subject_to_taxation_to_individual_inhabitants_who_received_it

        or
        principal_of_secured_indebtedness_exempt_from_taxation_under_laws_other_than_this_chapter)

fiduciary_corporation_income_subject_to_chapter

Derived

source: M.G.L. c. 62, § 14

- name: fiduciary_corporation_income_subject_to_chapter
  kind: derived
  entity: Corporation
  dtype: Judgment
  period: Year
  source: M.G.L. c. 62, § 14
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us-ma/statute/62/14
            excerpt: Corporations acting as trustee or in any other fiduciary capacity
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us-ma/statute/62/14
            excerpt: with respect to the income received by them in that capacity
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-ma/statute/62/14
            excerpt: >-
              shall ... be subject to this chapter in the same manner and under the same conditions
              as individual inhabitants
        - path: versions[0].formula
          kind: import
          import:
            target: us-ma:statutes/62/14#fiduciary_corporation_mortgagee_or_pledgee_tax_exception_applies
            output: fiduciary_corporation_mortgagee_or_pledgee_tax_exception_applies
            hash: sha256:local
  versions:
    - effective_from: '0001-01-01'
      formula: |-
        corporation_acting_as_trustee_or_other_fiduciary
        and income_received_by_corporation_in_that_capacity
        and not fiduciary_corporation_mortgagee_or_pledgee_tax_exception_applies

▸citations (1)

References

This rule cites 1 other rule.

MA 62 § 14inferredMA › Statutes › Title 62 › § 14