ยง 635. Credit to trust beneficiary receiving accumulation
distribution. A nonresident or part-year resident beneficiary of a trust
whose New York source income includes all or part of an accumulation
distribution by such trust, as defined in section six hundred sixty-five
of the internal revenue code, shall be allowed a credit against the tax
otherwise due under this article, computed in the same manner and
subject to the same limitation as provided by section six hundred
twenty-one with respect to a resident beneficiary except that such
limitation shall be applied as if it also referred to an exclusion from
New York source income.
Structure New York Laws
Article 22 - Personal Income Tax
Part 3 - Nonresidents and Part-Year Residents
631 - New York Source Income of a Nonresident Individual.
632 - Nonresident Partners and Electing Shareholders of S Corporations.
633 - New York Source Income of a Nonresident Estate or Trust.
634 - Share of a Nonresident Beneficiary in Income From New York Sources.
635 - Credit to Trust Beneficiary Receiving Accumulation Distribution.