Vermont § 3375 - Income taxes
Full text of Vermont Vermont Statutes Online § 3375 — Income taxes, with citation guidance and answers to common questions.
§ 3375. Income taxes
- (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: (1) from income to the extent that receipts from the entity are allocated only to income; (2) from principal to the extent that receipts from the entity are allocated only to principal; (3) proportionately from principal and income to the extent that receipts from the entity
are allocated to both income and principal; and (4) from principal to the extent that the tax exceeds the total receipts from the entity. (d) After applying subsections (a) through (c) of this section, 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. (Added 2011, No. 114 (Adj. Sess.), § 1.)
Frequently Asked Questions About Vermont § 3375
What does Vermont Statutes Online § 3375 cover?
Section 3375 ("Income taxes") is part of the Vermont Statutes Online, the codified statutory law of Vermont. 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 Vermont § 3375?
A common citation format is "Vermont Statutes Online § 3375" (Vermont). 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 Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 3375 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont 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 Vermont.