The income of a trust shall be included in computing the net income of the grantor of such trust where at any time the power to revest in the grantor title to any part of the corpus of the trust is vested:
(1) In the grantor, either alone or in conjunction with any person not having a substantial adverse interest in the disposition of such part of the corpus or the income therefrom; or
(2) In any person not having a substantial adverse interest in the disposition of such part of the corpus or the income therefrom.
(July 16, 1947, 61 Stat. 348, ch. 258, art. I, title IX, § 7; enacted, Apr. 9, 1997, D.C. Law 11-254, § 2, 44 DCR 1575.)
1981 Ed., § 47-1809.7.
1973 Ed., § 47-1577f.
This section is referenced in § 47-1809.04.
Structure District of Columbia Code
Title 47 - Taxation, Licensing, Permits, Assessments, and Fees. [Enacted title]
Chapter 18 - Income and Franchise Taxes
Subchapter IX - Tax on Estates and Trusts
§ 47–1809.01. Tax on estates and trusts — Residency definitions
§ 47–1809.02. Tax on estates and trusts — Effect of residence or situs of fiduciary
§ 47–1809.03. Tax on estates and trusts — Imposition
§ 47–1809.04. Tax on estates and trusts — Computation
§ 47–1809.05. Tax on estates and trusts — Net income
§ 47–1809.06. Tax on estates and trusts — Beneficiary taxable year
§ 47–1809.07. Tax on estates and trusts — Revocable trusts
§ 47–1809.08. Tax on estates and trusts — Income for benefit of grantor
§ 47–1809.09. Tax on estates and trusts — “In discretion of grantor” defined