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290.22 ESTATES AND TRUSTS, IMPOSITION OF TAX.
The taxes imposed by this chapter upon individuals shall apply to the income of estates or of
any kind of property held in trust, including:
(1) Income accumulated in trust for the benefit of unborn or unascertained person or persons
with contingent interests, and income accumulated or held for future distribution under the
terms of the will or trust;
(2) Income which is to be distributed currently by the fiduciary to the beneficiaries, and
income collected by a guardian of an infant which is to be held or distributed as the court may
direct;
(3) Income received by estates of deceased persons during the period of administration or
settlement of the estate; and,
(4) Income which, in the discretion of the fiduciary, may be either distributed to the
beneficiaries or accumulated.
History: (2394-28) 1933 c 405 s 28; 1939 c 446 s 9; 1981 c 178 s 67

Official Publication of the State of Minnesota
Revisor of Statutes