Ohio § 5812.46 Income taxes

Ohio Statutes

§ 5812.46 — Income taxes

Ohio § 5812.46

Title 58Trusts

Ch. 5812Uniform Principal And Income Act

This text of Ohio § 5812.46 (Income taxes) is published on Counsel Stack Legal Research, covering Ohio primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ohio Rev. Code Ann. § 5812.46 (2026).

Text

(A)A tax required to be paid by a trustee based on receipts allocated to income shall be paid from income.

(B)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.

(C)A tax required to be paid by a trustee on the trust's share of an entity's taxable income shall be paid as follows:

(1)From income, to the extent that receipts from the entity are allocated only to income;

(2)From principal, to the extent that receipts from the entity are allocated only to principal;

(3)Proportionately from principal and income, to the extent that receipts from the entity are allocated to both income and principal;

(4)From principal, to the extent that the tax exceeds the total

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(A) A tax required to be paid by a trustee based on receipts allocated to income shall be paid from income.

(B) 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.

(C) A tax required to be paid by a trustee on the trust's share of an entity's taxable income shall be paid as follows:

(1) From income, to the extent that receipts from the entity are allocated only to income;

(2) From principal, to the extent that receipts from the entity are allocated only to principal;

(3) Proportionately from principal and income, to the extent that receipts from the entity are allocated to both income and principal;

(4) From principal, to the extent that the tax exceeds the total receipts from the entity.

(D) After applying divisions (A) to (C) 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 payments made to a beneficiary.