Private and charitable trust foundations; split-interest trusts;
effective date of IC 30-4-5-21
Sec. 23. The provisions of 30-4-5-21 shall be effective as to trusts
to which such section applies in accordance with the following
subsections (a) and (b):
(a) With respect to each such trust first existing on or after
January 1, 1970, the provisions of 30-4-5-21 shall be effective from
and after the date such trust comes into existence.
(b) With respect to each such trust existing before January 1,
1970, the provisions of 30-4-5-21 shall be effective during taxable
years commencing after December 31, 1971.
(Formerly: Acts 1971, P.L.416, SEC.6.)
Last modified: May 27, 2006