Wills, Estates & Trusts
Jan. 2, 2026
SB 376: Confirming non-application of Section 17082 to charitable remainder trusts
On Oct. 6, California enacted SB 376, which revises the rules governing taxation of incomplete gift non-grantor trusts to expressly exclude application to charitable remainder trusts (CRTs), conforming the statute with the Franchise Tax Board's interpretation. The revised rules are effective Jan. 1, 2026.
In 2023, California enacted Revenue and Taxation Code Section 17082, which provides that the income of an incomplete gift non-grantor trust (frequently referred to as an &quo...
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