§ 44-30-37. Credit to trust beneficiary receiving accumulation distribution.
A nonresident beneficiary of a trust whose Rhode Island income includes all or part of an accumulation distribution by the trust, as defined in 26 U.S.C. § 665, shall be allowed a credit against the tax otherwise due under this chapter, computed in the same manner and subject to the same limitation as provided by § 44-30-19 with respect to a resident beneficiary.
History of Section.P.L. 1971, ch. 8, art. 1, § 1; P.L. 1971, ch. 204, art. 3, § 1.
Structure Rhode Island General Laws
Chapter 44-30 - Personal Income Tax
Section 44-30-31. - Nonresident husband and wife.
Section 44-30-32. - Rhode Island income of a nonresident individual.
Section 44-30-33. - Apportionment.
Section 44-30-34. - Nonresident partners.
Section 44-30-35. - Rhode Island income of a nonresident estate or trust.
Section 44-30-37. - Credit to trust beneficiary receiving accumulation distribution.