H0706B0731A00529 AJB:EJH 03/26/19 #90 A00529
AMENDMENTS TO HOUSE BILL NO. 706
Sponsor: REPRESENTATIVE GREINER
Printer's No. 731
Amend Bill, page 1, lines 10 and 11, by striking out
"providing for revocable trusts treated as part of estate" and
inserting
further providing for returns of married individuals, deceased
or disabled individuals and fiduciaries
Amend Bill, page 1, lines 14 through 21; page 2, lines 1
through 22; by striking out all of said lines on said pages and
inserting
Section 1. Section 331(g) of the act of March 4, 1971
(P.L.6, No.2), known as the Tax Reform Code of 1971, is amended
to read:
Section 331. Returns of Married Individuals, Deceased or
Disabled Individuals and Fiduciaries.--* * *
(g) The return for an estate or trust shall be made and
filed by the fiduciary. If two or more fiduciaries are acting
jointly, the return may be made by any one of them. If the
executor of the estate and trustee of the trust make an election
under section 645 of the Internal Revenue Code of 1986 (Public
Law 99-514, 26 U.S.C. ยง 645), as amended January 1, 2019, to
treat the income of the trust as part of the estate, the
fiduciary may make and file a joint tax return for the estate
and trust under this subsection for the taxable years when the
trust income is reported as part of the estate income in
accordance with section 645 of the Internal Revenue Code of
1986, as amended January 1, 2019. For purposes of this article,
the estate and trust shall remain separate taxpayers and the
income of the estate and trust shall be calculated and reported
separately. If the income tax liabilities of the estate and
trust are filed on a joint tax return under this subsection, the
tax liabilities of the estate and trust shall be joint and
several. The provisions of subsection (d) shall be applicable to
a joint tax return filed under this subsection.
Amend Bill, page 2, line 23, by striking out "addition" and
2019/90AJB/HB0706A00529 - 1 -
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
inserting
amendment
Amend Bill, page 2, line 23, by striking out "336.3" and
inserting
331(g)
2019/90AJB/HB0706A00529 - 2 -
1
2
3
4
5
See A00529 in
the context
of HB0706