Section 12 - Payment of Tax Out of Capital, Not Income

MA Gen L ch 65 § 12 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

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.