South Dakota A.G. Ravnsborg: United States Supreme Court Rules With South Dakota to Stop Undue Taxation of Trusts
June 21, 2019
June 21, 2019
PIERRE, South Dakota, June 21 -- South Dakota Attorney General Jason Ravnsborg issued the following news release:
Today the United States Supreme Court issued its decision in North Carolina Department of Revenue v. Kaestner 1992 Family Trust. The case examined whether North Carolina could tax the gains of a trust located in New York because one beneficiary of the trust was a North Carolina resident, even though the beneficiary had no control over the trust assets and none of the gai . . .
Today the United States Supreme Court issued its decision in North Carolina Department of Revenue v. Kaestner 1992 Family Trust. The case examined whether North Carolina could tax the gains of a trust located in New York because one beneficiary of the trust was a North Carolina resident, even though the beneficiary had no control over the trust assets and none of the gai . . .