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FIELDING VS. COMMISSIONER OF REVENUE: AFTER MORE THAN 20 YEARS, IS MINNESOTA’S FIDUCIARY
“PERMA-TAX” ON IRREVOCABLE TRUSTS NO LONGER PERMANENT?

Aug 2, 2018 | Latest News & Events

Since January 1, 1996, the State of Minnesota has taxed the income, both ordinary and capital gains, of what Minn. Stat. § 290.01, subd. 7b(a) defines as a “resident trust.” Affirming a 2017 decision of the Minnesota Tax Court, the Minnesota Supreme Court, in Fielding...

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SOUTH DAKOTA: Suite 200 | 909 St. Joseph Street | Rapid City SD 57701 | 605.791.5133
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