Pensions taxable in the recipient's state of residence; annuities defined as periodic payments for adequate consideration. Pensions, annuities and similar remuneration for past employment are taxable only in the recipient's State of residence, subject to paragraph 2 of Article 20. 'Annuity' is defined as a stated sum payable periodically at stated times during life or a specified period, paid under an obligation in return for adequate and full consideration in money or moneys worth.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Pensions taxable in the recipient's state of residence; annuities defined as periodic payments for adequate consideration.
Pensions, annuities and similar remuneration for past employment are taxable only in the recipient's State of residence, subject to paragraph 2 of Article 20. "Annuity" is defined as a stated sum payable periodically at stated times during life or a specified period, paid under an obligation in return for adequate and full consideration in money or moneys worth.
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