43-1315. Liability of beneficiaries for trust taxes
87 words·~1 min read·
/az/title-43/43-1315A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If for any reason the taxes imposed on income of a trust are not paid when due and remain unpaid when such income is distributable to the beneficiaries, or if the income is distributable to the beneficiaries before the taxes are due and the taxes are not paid when due, such income shall be taxable to the beneficiaries when distributable to them, except that in the case of nonresident beneficiaries such income shall be taxable only to the extent it is derived from sources within this state.