Georgia § 53-12-454 - Income taxes.
Full text of Georgia Official Code of Georgia Annotated § 53-12-454 — Income taxes., with citation guidance and answers to common questions.
§ 53-12-454. Income taxes.
A tax required to be paid by a trustee based on receipts allocated to income shall be paid from income. 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. A tax required to be paid by a trustee on the trust's share of an entity's taxable income shall be paid: From income to the extent that receipts from the entity are allocated only to income; From principal to the extent that receipts from the entity are allocated only to principal; Proportionately from principal and income to the extent that receipts from the entity are allocated to both income and principal; and From principal to the extent that the tax exceeds the total receipts from the entity. After applying subsections (a) through (c) of this Code section, the trustee shall adjust income or principal receipts to the extent that its taxes are reduced because it receives a deduction for payments made to a beneficiary. (Code 1981, § 53-12-454 , enacted by Ga. L. 2010, p. 579, § 1/SB 131.)
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 53-12-454
What does Official Code of Georgia Annotated § 53-12-454 cover?
Section 53-12-454 ("Income taxes.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. 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 Georgia § 53-12-454?
A common citation format is "Official Code of Georgia Annotated § 53-12-454" (Georgia). 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 Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 53-12-454 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia 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 Georgia.