RSA 564-C:5-505 Income Taxes.
Title: LVI - PROBATE COURTS AND DECEDENTS' ESTATES
Chapter: 564-C - UNIFORM PRINCIPAL AND INCOME ACT
(a) A tax required to be paid by a trustee based on receipts allocated to income must be paid from income.
(b) 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.
(c) A tax required to be paid by a trustee on the trust's share of an entity's taxable income must be paid proportionately:
(1) from income to the extent that receipts from the entity are allocated to income; and
(2) from principal to the extent that:
(A) receipts from the entity are allocated to principal; and
(B) the trust's share of the entity's taxable income exceeds the total receipts described in subsections (c)(1) and (2)(A).
(d) For purposes of this sect