Maine § 5214-A. - Credit to beneficiary for accumulation distribution
Full text of Maine Maine Revised Statutes § 5214-A. — Credit to beneficiary for accumulation distribution, with citation guidance and answers to common questions.
§ 5214-A.. Credit to beneficiary for accumulation distribution
1. General. A beneficiary of a trust whose adjusted gross income includes all or part of an accumulation distribution by that trust, as defined in the Code, Section 665, or its equivalent, shall be allowed a credit against the tax otherwise due under this Part for all or a proportionate part of any tax paid by the trust under this Part for any preceding taxable year which would not have been payable if the trust had in fact made distribution to its beneficiaries at the times and in the amounts specified in the Code, Section 666, or its equivalent.
2. Limitation on credit. The credit under this section may not reduce the tax otherwise due from the beneficiary under this Part to an amount less than would have been due if the accumulation distribution or that beneficiary's part of the accumulation distribution were excluded from that beneficiary's adjusted gross income.
Source: official Maine text · Last verified 2026-08-27
Frequently Asked Questions About Maine § 5214-A.
What does Maine Revised Statutes § 5214-A. cover?
Section 5214-A. ("Credit to beneficiary for accumulation distribution") is part of the Maine Revised Statutes, the codified statutory law of Maine. 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 Maine § 5214-A.?
A common citation format is "Maine Revised Statutes § 5214-A." (Maine). 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 Maine law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maine official source linked on this page or consult a licensed Maine attorney.
How does Maine § 5214-A. apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maine 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 Maine.