Nebraska § 77-2008.02 Inheritance tax; estates for life and remainder; tax payable from corpus of estate without apportionment

Nebraska Statutes

§ 77-2008.02 — Inheritance tax; estates for life and remainder; tax payable from corpus of estate without apportionment

Nebraska § 77-2008.02

Ch. 77Revenue and Taxation

This text of Nebraska § 77-2008.02 (Inheritance tax; estates for life and remainder; tax payable from corpus of estate without apportionment) is published on Counsel Stack Legal Research, covering Nebraska primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Neb. Rev. Stat. § 77-2008.02 (2026).

Text

In cases where a trust is created or other provisions made whereby any person is given an interest in income or an estate for years, or for life, or other temporary or contingent interest in any property or fund, the tax on both such temporary or contingent interest and on the remainder thereafter shall be charged against and be paid out of the corpus of such property or fund without apportionment between remainders and temporary or contingent estates, and any refund of taxes paid out of corpus shall again become a part of the corpus of such property or fund.

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In cases where a trust is created or other provisions made whereby any person is given an interest in income or an estate for years, or for life, or other temporary or contingent interest in any property or fund, the tax on both such temporary or contingent interest and on the remainder thereafter shall be charged against and be paid out of the corpus of such property or fund without apportionment between remainders and temporary or contingent estates, and any refund of taxes paid out of corpus shall again become a part of the corpus of such property or fund.

Legislative History

Source: Laws 1953, c. 282, § 5, p. 916. Annotations: Under terms of will, inheritance tax on devise of life estate was payable out of residue. Stuckey v. Rosenberg, 169 Neb. 557, 100 N.W.2d 526 (1960).