Missouri § 469.459 Taxes to be paid from income or principal, when.

Missouri Statutes

§ 469.459 — Taxes to be paid from income or principal, when.

Missouri § 469.459

Title XXXITRUSTS AND ESTATES OF DECEDENTS AND PERSONS UNDER DISABILITY

Ch. 469Disclaimers of Property

This text of Missouri § 469.459 (Taxes to be paid from income or principal, when.) is published on Counsel Stack Legal Research, covering Missouri primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mo. Rev. Stat. § 469.459 (2026).

Text

1. 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 mad

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1. 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.