§300.5.  Fiduciary responsibility

The fiduciary  of an estate or trust shall be personally liable for the payment of all taxes, penalties, or interest due under this Part by the estate or trust.  This Section shall not subject the fiduciary to liability for any tax imposed upon any beneficiary of the estate or trust.

Acts 1996, No. 41, §1, eff. for taxable periods beginning after Dec. 31, 1996; Acts 1998, No. 61, §1, eff. for taxable periods beginning after Dec. 31, 1997.

NOTE:  FOR TAXABLE PERIODS BEGINNING PRIOR TO JAN. 1, 1998, THE TAX SHALL BE AS REQUIRED BY LAW PRIOR TO JAN. 1, 1997.