Comments: IN SB0426 | 2019 | Regular Session

Bill Title: Trusts. Provides that an "excluded trust" is not a resident trust and is not required to file an adjusted gross income tax return. Defines "excluded trust" as a trust that satisfies all of the following conditions: (1) The trust is an irrevocable trust consisting of property transferred to the trust by a person who is not a resident of Indiana at the time of the transfer. (2) None of the trustees of the trust are: (A) Indiana residents; or (B) partners or corporations domiciled in Indiana. (3) The entire corpus of the trust is located outside Indiana. (4) The trust

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced) 2019-01-14 - First reading: referred to Committee on Judiciary [SB0426 Detail]

Text: Latest bill text (Introduced) [PDF]

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