{"data":{"id":"us-ny/n.y.-tax-law-635","jurisdiction":"us-ny","citation":"N.Y. Tax Law § 635","heading":"Credit to trust beneficiary receiving accumulation distribution","body":"§ 635. Credit to trust beneficiary receiving accumulation\ndistribution. A nonresident or part-year resident beneficiary of a trust\nwhose New York source income includes all or part of an accumulation\ndistribution by such trust, as defined in section six hundred sixty-five\nof the internal revenue code, shall be allowed a credit against the tax\notherwise due under this article, computed in the same manner and\nsubject to the same limitation as provided by section six hundred\ntwenty-one with respect to a resident beneficiary except that such\nlimitation shall be applied as if it also referred to an exclusion from\nNew York source income.","path":["Tax Law","Article 22. Personal Income Tax","Part 3. Nonresidents and Part-year Residents"],"source_url":"https://legislation.nysenate.gov/api/3/laws/TAX/635","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:45Z","sha256":"3c1a469d6ce0a10b751bb44aadc065fec3ecac03dc589e5d801f26d560e4cce8","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-tax-law-634","next":"us-ny/n.y.-tax-law-637"},"notice":"GroundRules: Original legal text. Not legal advice."}