Idaho Admin. Code r. 16.03.05.417

Current through September 2, 2024

Section 16.03.05.417 - UNIFORM GIFTS TO MINORS ACT (UGMA)

UGMA payments from the custodian to the minor are income to the minor. UGMA property, including earnings or additions, are not income to the minor until the month the minor becomes eighteen (18) years old.

Effective July 1, 2024