Income Received by Board From Remittance of Interest Not Taxable to Attorney or Client

  1. Law
  2. Indiana Code
  3. Courts and Court Officers
  4. Interest Bearing Attorney Trust Accounts
  5. Indiana Attorney Trust Account Fund
  6. Income Received by Board From Remittance of Interest Not Taxable to Attorney or Client

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Sec. 7. For purposes of Indiana law, income received by the board from the remittance of interest is not taxable to:

(1) the attorney maintaining the interest bearing attorney trust account; or

(2) the client whose funds are deposited in the interest bearing attorney trust account.

[Pre-2004 Recodification Citation: 33-20-7-7.]

As added by P.L.98-2004, SEC.23.


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