Tennessee § 35-6-505 - Income taxes.
Full text of Tennessee Tennessee Code Annotated § 35-6-505 — Income taxes., with citation guidance and answers to common questions.
§ 35-6-505. Income taxes.
A tax required to be paid by a trustee based on receipts allocated to income must be paid from income. A tax required to be paid by a trustee based on receipts allocated to principal must 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 must 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)-(c), the trustee shall adjust income or principal receipts to the extent that the trust's taxes are reduced because the trust receives a deduction for payments made to a beneficiary. Acts 2000, ch. 829, § 1; 2010, ch. 725, § 2.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 35-6-505
What does Tennessee Code Annotated § 35-6-505 cover?
Section 35-6-505 ("Income taxes.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. 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 Tennessee § 35-6-505?
A common citation format is "Tennessee Code Annotated § 35-6-505" (Tennessee). 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 Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 35-6-505 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee 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 Tennessee.