Section 469.459 - Taxes to be paid from income or principal, when1. A tax required to be paid by a trustee based on receipts allocated to income shall be paid from income.2. A tax required to be paid by a trustee based on receipts allocated to principal shall be paid from principal, even if the tax is called an income tax by the taxing authority.3. A tax required to be paid by a trustee on the trust's share of an entity's taxable income shall be paid: (1) From income to the extent that receipts from the entity are allocated to income; and(2) From principal to the extent that receipts from the entity are allocated only to principal.4. After applying subsections 1 to 3 of this section, the trustee shall adjust income or principal receipts to the extent that the trust's taxes are reduced because the trust receives a deduction for payment made to a beneficiary.L. 2001 H.B. 241, A.L. 2011S.B. 59.