Ala. Admin. Code r. 810-3-2-.03

Current through Register Vol. 42, No. 10, July 31, 2024

Section 810-3-2-.03 - Estates, Trusts And Fiduciaries Subject To Alabama Income Tax

(1) Every individual or corporation acting in a fiduciary capacity, receiving income from sources within the State of Alabama, is subject to the Alabama income tax with respect to such income. For definitions of resident individuals and resident corporations, see Rules 810-3-2-.01 and 810-3-2-.02.

(2) An estate or trust resident in the State of Alabama, or having a resident fiduciary, is subject to the Alabama income tax. An estate or trust having income from sources within the State is subject to tax on such income.

Amended: June 17, 1988; filed July 27, 1988. Amended: Filed September 18, 1996; effective October 23, 1996.

Amended by Alabama Administrative Monthly Volume XXXV, Issue No. 07, April 28, 2017, eff. 5/29/2017.

Authors: Nancy Butler, Roy Wiggins, John H. Burgess

Statutory Authority:Code of Ala. 1975, §§ 40-2A-7(a)(5), 40-18-2.