Section 42: Liability of fiduciaries

Section 42. Executors, administrators, trustees or other fiduciaries shall be personally liable for any tax under this chapter which is assessed on income received by them and may be allowed in their accounts for the amounts paid by them.

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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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Section 42: Liability of fiduciaries

Official source

in view

Whole section

▸rulespec code

Shown source

statutes/62/42.yaml

Displaying the canonical repository encoding.

This encoding covers the parent provision us-ma/statute/62/42; no dedicated encoding exists for this exact provision yet.

View on GitHub

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