Sec. 7. For purposes of Indiana law, income received by the board from the remittance of interest is not taxable to:
(1) the attorney maintaining the interest bearing attorney trust account; or
(2) the client whose funds are deposited in the interest bearing attorney trust account.
[Pre-2004 Recodification Citation: 33-20-7-7.]
As added by P.L.98-2004, SEC.23.
Structure Indiana Code
Title 33. Courts and Court Officers
Article 44. Interest Bearing Attorney Trust Accounts
Chapter 7. Indiana Attorney Trust Account Fund
33-44-7-3. Deposit of Interest Remitted
33-44-7-5. Investment of Funds
33-44-7-6. Nonreversion of Money in Fund
33-44-7-7. Income Received by Board From Remittance of Interest Not Taxable to Attorney or Client
33-44-7-8. Disbursements; Limitations
33-44-7-9. Order and Amount of Disbursements
33-44-7-12. Contracts; Award of Grants
33-44-7-13. Considerations in Making Disbursements
33-44-7-14. Total Administrative Costs; Maximum
33-44-7-15. Fund Audits; Audits of Fund Disbursement Recipients