Arizona § 43-1301 - Definitions; estates and trusts
Full text of Arizona Arizona Revised Statutes § 43-1301 — Definitions; estates and trusts, with citation guidance and answers to common questions.
§ 43-1301. Definitions; estates and trusts
In this chapter, unless the context otherwise requires:
1. "Arizona gross income" means:
(a) Of a nonresident estate or trust, the taxable income from sources within this state for the taxable year, computed according to the internal revenue code.
(b) Of a resident estate or trust, the taxable income for the taxable year, computed according to the internal revenue code.
2. "Arizona taxable income" of a resident or nonresident estate or trust means its Arizona gross income adjusted by the modifications specified in article 3 of this chapter.
3. "Nonresident estate or trust" means an estate or trust that is not a resident estate or trust.
4. "Resident estate" means the estate of a decedent who was a resident of this state at the time of death.
5. "Resident trust" means a trust of which the fiduciary is a resident of this state. If a trust has more than one fiduciary, the trust is a resident trust if at least one of the fiduciaries is a resident of this state. If a corporate fiduciary engaged in interstate trust administration is the sole fiduciary of a trust, or is a cofiduciary with a nonresident, the trust is a resident trust only if the corporate fiduciary conducts the administration of the trust in this state.
Frequently Asked Questions About Arizona § 43-1301
What does Arizona Revised Statutes § 43-1301 cover?
Section 43-1301 ("Definitions; estates and trusts") is part of the Arizona Revised Statutes, the codified statutory law of Arizona. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arizona § 43-1301?
A common citation format is "Arizona Revised Statutes § 43-1301" (Arizona). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arizona law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arizona official source linked on this page or consult a licensed Arizona attorney.
How does Arizona § 43-1301 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arizona can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arizona.