Arizona Laws 43-1301. Definitions; estates and trusts
In this chapter, unless the context otherwise requires:
Terms Used In Arizona Laws 43-1301
- Arizona gross income: means :
(a) Of a nonresident estate or trust, the taxable income from sources within this state for the taxable year, computed according to the internal revenue code. See Arizona Laws 43-1301
- Decedent: A deceased person.
- Fiduciary: A trustee, executor, or administrator.
- Fiduciary: means a guardian, trustee, personal representative, executor, administrator, receiver or conservator, whether individual or corporate, or any person acting in any fiduciary capacity for any person, estate or trust. See Arizona Laws 43-104
- Nonresident: means every individual other than a resident. See Arizona Laws 43-104
- Nonresident estate or trust: means an estate or trust that is not a resident estate or trust. See Arizona Laws 43-1301
- Resident: includes :
(a) Every individual who is in this state for other than a temporary or transitory purpose. See Arizona Laws 43-104
- Resident estate: means the estate of a decedent who was a resident of this state at the time of death. See Arizona Laws 43-1301
- Resident trust: means a trust of which the fiduciary is a resident of this state. See Arizona Laws 43-1301
- Taxable year: means :
(a) The calendar year or the fiscal year, ending during such calendar year, on the basis of which the taxable income is computed under this title. See Arizona Laws 43-104
1. "Arizona gross income" means:
(a) Of a nonresident estate or trust, the taxable income from sources within this state for the taxable year, computed according to the internal revenue code.
(b) Of a resident estate or trust, the taxable income for the taxable year, computed according to the internal revenue code.
2. "Arizona taxable income" of a resident or nonresident estate or trust means its Arizona gross income adjusted by the modifications specified in article 3 of this chapter.
3. "Nonresident estate or trust" means an estate or trust that is not a resident estate or trust.
4. "Resident estate" means the estate of a decedent who was a resident of this state at the time of death.
5. "Resident trust" means a trust of which the fiduciary is a resident of this state. If a trust has more than one fiduciary, the trust is a resident trust if at least one of the fiduciaries is a resident of this state. If a corporate fiduciary engaged in interstate trust administration is the sole fiduciary of a trust, or is a cofiduciary with a nonresident, the trust is a resident trust only if the corporate fiduciary conducts the administration of the trust in this state.