Ala. Admin. Code r. 810-3-2-.03
Estates, Trusts And Fiduciaries Subject To Alabama Income Tax
Effective May 29, 2017Amended: June 17, 1988; filed July 27, 1988. Amended: Filed September 18, 1996; effective October 23, 1996. Amended: Filed April 14, 2017; effective May 29, 2017.Alabama Department of Revenue
- (1) Every individual or corporation acting in a fiduciary capacity, receiving income from sources within the State of Alabama, is subject to the Alabama income tax with respect to such income. For definitions of resident individuals and resident corporations, see Rules 810-3-2-.01 and 810-3-2-.02.
- (2) An estate or trust resident in the State of Alabama, or having a resident fiduciary, is subject to the Alabama income tax. An estate or trust having income from sources within the State is subject to tax on such income.
Author: Nancy Butler, Roy Wiggins, John H. Burgess
Statutory Authority: Code of Ala. 1975, §§40-2A-7(a)(5), 40-18-2.
History: Amended: June 17, 1988; filed July 27, 1988. Amended: Filed September 18, 1996; effective October 23, 1996. Amended: Filed April 14, 2017; effective May 29, 2017.