Skip to Content
The 190th General Court of the Commonwealth of Massachusetts

Section 12: Payment of tax out of capital, not income

Section 12. All taxes under this chapter shall be paid out of and chargeable to capital and not income, unless otherwise provided in a will or codicil, or deed or other instrument creating the grant or gift; but this provision shall not affect any right of the commonwealth to collect such tax, or any lien therefor.