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Massachusetts General Laws - Taxation of Legacies and Successions - Chapter 65, Section 12Legal Research Home > Massachusetts Lawyer > Taxation of Legacies and Successions > Massachusetts General Laws - Taxation of Legacies and Successions - Chapter 65, Section 12 Payment of tax out of capital, not income. Section 12. All taxes under this chapter shall be paid out of and chargeable to capital and not income, unless otherwise provided in a will or codicil, or deed or other instrument creating the grant or gift; but this provision shall not affect any right of the commonwealth to collect such tax, or any lien therefor. Last modified: March 26, 2006 |