New Jersey § 3b:19b-28
Full text of New Jersey New Jersey Statutes § 3b:19b-28, with citation guidance and answers to common questions.
§ 3b:19b-28.
a. A tax required to be paid by a trustee based on receipts allocated to income shall
be paid from income. b. 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. c. A tax required to be paid by a trustee on the trust's share of an entity's taxable
income shall be paid proportionately: (1) from income to the extent that receipts from the entity are allocated to income;
and (2) from principal to the extent that: (a) receipts from the entity are allocated to principal; and (b) the trust's share of the entity's taxable income exceeds the total receipts described
in paragraph (1) and subparagraph (a) of this paragraph (2). d. For purposes of this section, receipts allocated to principal or income shall be
reduced by the amount distributed to a beneficiary from principal or income for which
the trust receives a deduction in calculating the tax.
Frequently Asked Questions About New Jersey § 3b:19b-28
What does New Jersey Statutes § 3b:19b-28 cover?
Section 3b:19b-28 is part of the New Jersey Statutes, the codified statutory law of New Jersey. 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 New Jersey § 3b:19b-28?
A common citation format is "New Jersey Statutes § 3b:19b-28" (New Jersey). 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 New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 3b:19b-28 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey 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 New Jersey.