Section 42

Official source

General Laws

Part I ADMINISTRATION OF THE GOVERNMENT

Title IX TAXATION

Chapter 62 TAXATION OF INCOMES

Section 42 Liability of fiduciaries

in view

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statutes/62/42.yaml

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Rules

fiduciary_personal_liability_for_chapter_tax

Derived

source: M.G.L. c. 62, § 42

- name: fiduciary_personal_liability_for_chapter_tax
  kind: derived
  entity: Fiduciary
  dtype: Money
  period: Year
  unit: USD
  source: M.G.L. c. 62, § 42
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-ma/statute/62/42
  versions:
    - effective_from: '0001-01-01'
      formula: >-
        if fiduciary_is_executor_administrator_trustee_or_other_fiduciary: max(0,
        chapter_tax_assessed_on_income_received_by_fiduciary) else: 0

fiduciary_account_allowance_for_chapter_tax_paid

Derived

source: M.G.L. c. 62, § 42

- name: fiduciary_account_allowance_for_chapter_tax_paid
  kind: derived
  entity: Fiduciary
  dtype: Money
  period: Year
  unit: USD
  source: M.G.L. c. 62, § 42
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-ma/statute/62/42
  versions:
    - effective_from: '0001-01-01'
      formula: >-
        if fiduciary_is_executor_administrator_trustee_or_other_fiduciary: max(0,
        amount_paid_by_fiduciary_for_chapter_tax_assessed_on_income_received_by_fiduciary) else: 0

▸citations (1)

References

This rule cites 1 other rule.

MA 62 § 42inferredMA › Statutes › Title 62 › § 42

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