Indiana Statutes
§ 30-2-14-4 — "Income" defined
As used in this chapter, "income" means money
or property that a fiduciary receives as current return from a principal
asset. The term includes a portion of receipts from a sale, exchange, or
liquidation of a principal asset, to the extent provided in sections 21
through 35 of this chapter.
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Related
Indiana Department of State Revenue, Inheritance Tax Division v. Steven B. McCombs, of the Estate of Janic Hamblin
42 N.E.3d 178 (Indiana Tax Court, 2015)
Legislative History
As added by P.L.84-2002, SEC.2.
Nearby Sections
15
§ 30-1-2-1
Stocks; bonds; securities§ 30-1-2-2
Securities not listed; terms§ 30-1-4-1
Eligible investments§ 30-1-5-1
Securities; insurance§ 30-1-6-3
Bidding; report; hearing; endorsement§ 30-1-6-5
Acts conclusive; disaffirmance denied§ 30-1-7-2
Petition to execute options; prospectus§ 30-1-7-3
Hearing; order of court§ 30-1-7-4
Binding and conclusive; disaffirmance§ 30-1-8-1
Definitions