280-20-55 R.I. Code R. § 7.5

Current through June 20, 2024

Section 280-RICR-20-55-7.5 - Reference and Definitions

A. "Accumulation distribution" has the meaning set out in 26 U.S. Code §665(b), as amended.

B. "Discretionary trust" means a trust where the fiduciary has a discretionary power to distribute income or to accumulate income.

C. "Income" has the meaning set out in 26 U.S.C. § 643(b), as amended.

280 R.I. Code R. § 280-RICR-20-55-7.5