Indiana § 30-2-15-23 Unitrust amount's satisfying tax law requirement of preserving tax
benefit

Indiana Statutes

§ 30-2-15-23 — Unitrust amount's satisfying tax law requirement of preserving tax benefit

Indiana § 30-2-15-23

Art. 2GENERAL PROVISIONS

Ch. 15Total Return Unitrusts

This text of Indiana § 30-2-15-23 (Unitrust amount's satisfying tax law requirement of preserving tax benefit) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 30-2-15-23 (2026).

Text

(a)This section applies to the following trusts:

(1)A trust for which a marital deduction has been taken for federal tax purposes during the lifetime of the spouse for whom the trust was created under Section 2056 or 2523 of the Internal Revenue Code.

(2)A trust to which the generation-skipping transfer tax due under Section 2601 of the Internal Revenue Code does not apply by reason of any effective date or transition rule.

(b)To the extent necessary to satisfy a tax law requirement or to preserve a tax benefit, the unitrust amount may not be less than the net income of the trust. Net income of the trust shall be determined as if the trust were not a unitrust.

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(a) This section applies to the following
trusts:
(1) A trust for which a marital deduction has been taken for
federal tax purposes during the lifetime of the spouse for whom
the trust was created under Section 2056 or 2523 of the Internal
Revenue Code.
(2) A trust to which the generation-skipping transfer tax due
under Section 2601 of the Internal Revenue Code does not apply
by reason of any effective date or transition rule.
(b) To the extent necessary to satisfy a tax law requirement or to
preserve a tax benefit, the unitrust amount may not be less than the net
income of the trust. Net income of the trust shall be determined as if
the trust were not a unitrust.