Nebraska § 77-2008.04 Inheritance tax; power of appointment; exercise or nonexercise; not subject to tax

Nebraska Statutes

§ 77-2008.04 — Inheritance tax; power of appointment; exercise or nonexercise; not subject to tax

Nebraska § 77-2008.04

Ch. 77Revenue and Taxation

This text of Nebraska § 77-2008.04 (Inheritance tax; power of appointment; exercise or nonexercise; not subject to tax) 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. § 77-2008.04 (2026).

Text

The exercise or failure to exercise any power of appointment by the donee thereof, shall not be deemed a transfer which is subject to the provisions of sections  77-2001  to  77-2008.02 .

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Legislative History

Source: Laws 1955, c. 301, § 2, p. 940. Annotations: In the case of a general power of appointment, interest in the property transfers from the donor to the donee at the time of the donor's death whether or not the power itself is exercised. In the special case of a general power of appointment where the donor and donee are also husband and wife, such transfer is not subject to inheritance tax. In re Estate of Nelson, 253 Neb. 414, 571 N.W.2d 269 (1997).