North Carolina Department of Revenue v. Kimberley Rice Kaestner 1992 Family Trust, 588 U.S. ___ (2019), was a United States Supreme Court case in which the Court held that the presence of in-state beneficiaries alone does not empower a state to tax trust income that has not been distributed to the beneficiaries where the beneficiaries have no right to demand that income and are uncertain to receive it.[1]
| North Carolina Department of Revenue v. Kimberley Rice Kaestner 1992 Family Trust | |
|---|---|
 | |
| Decided June 21, 2019 | |
| Full case name | North Carolina Department of Revenue v. Kimberley Rice Kaestner 1992 Family Trust |
| Docket no. | 18-457 |
| Citations | 588 U.S. ___ (more) |
| Holding | |
| The presence of in-state beneficiaries alone does not empower a state to tax trust income that has not been distributed to the beneficiaries where the beneficiaries have no right to demand that income and are uncertain to receive it. | |
| Court membership | |
| |
| Case opinion | |
| Majority | Sotomayor, joined by unanimous |
References
editExternal links
edit- Text of North Carolina Department of Revenue v. Kimberley Rice Kaestner 1992 Family Trust, No. 18-457, 588 U.S. ___ (2019) is available from: Justia
This article incorporates written opinion of a United States federal court. As a work of the U.S. federal government, the text is in the public domain. "[T]he Court is unanimously of opinion that no reporter has or can have any copyright in the written opinions delivered by this Court." Wheaton v. Peters, 33 U.S. (8 Pet.) 591, 668 (1834)
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