United States Supreme Court
North Carolina Dept. of Revenue v. Kimberley Rice Kaestner 1992 Family Trust, 18–457
Clarified the limits of a State's power to tax a trust. Struck down a North Carolina requirement that a trust must pay income tax to the State whenever the trust's beneficiaries live in the State -- regardless of whether the beneficiaries have received, can demand, or will ever receive a distribution of trust income. Justice Sotomayor delivered the opinion for a unanimous Court, in this due process challenge brought by a family trust.
Appellate Information
- Decided
- Published 2019/06/21
Judges
- Sotomayor
Court
- United States Supreme Court