Ohio § 5747.23
Full text of Ohio Ohio Revised Code § 5747.23, with citation guidance and answers to common questions.
§ 5747.23.
(A) With respect to a trust, one or more of the beneficiaries of which are liable for
the tax imposed by section 5747.02 of the Revised Code , the business income and deductions included in the income of such trust shall be
allocated to this state in the hands of such trust pursuant to section 5747.21 of the Revised Code . Such trust business income and deductions shall then be allocated to the beneficiaries
in proportion to their right to share in the business income of such trust to the
extent of the distribution made to the beneficiary. (B) With respect to a trust described in division (A) of this section, the nonbusiness
income and deductions included in the income of such trust shall be allocated to the
beneficiaries in proportion to their right to share in such income and deductions
of the trust, and then the share of each beneficiary shall be allocated to this state
in the hands of such beneficiary pursuant to section 5747.20 of the Revised Code .
Frequently Asked Questions About Ohio § 5747.23
What does Ohio Revised Code § 5747.23 cover?
Section 5747.23 is part of the Ohio Revised Code, the codified statutory law of Ohio. 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 Ohio § 5747.23?
A common citation format is "Ohio Revised Code § 5747.23" (Ohio). 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 Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 5747.23 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio 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 Ohio.