Nevada § 375A.105 Determination of federal credit attributable to property situated in Nevada

Nevada Statutes

§ 375A.105 — Determination of federal credit attributable to property situated in Nevada

Nevada § 375A.105

Title 32REVENUE AND TAXATION

Ch. 375ATax

Imposition of Tax

This text of Nevada § 375A.105 (Determination of federal credit attributable to property situated in Nevada) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 375A.105 (2026).

Text

If a decedent leaves property having a situs in this state, and leaves other property having a situs in another state, the portion of the federal credit which is attributable to the property having a situs in Nevada must be determined in the following manner:

1.For the purpose of apportioning the federal credit, the gross value of the property must be that value finally determined for the purposes of the federal estate tax.

2.The federal credit must be multiplied by the percentage which the gross value of property having a situs in Nevada bears to the gross value of the entire estate subject to federal estate tax.

3.The product determined pursuant to subsection 2 must be the portion of the federal credit which is attributable to property having a situs in Nevada.

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If a decedent leaves property having a situs in this state, and leaves other property having a situs in another state, the portion of the federal credit which is attributable to the property having a situs in Nevada must be determined in the following manner:
1. For the purpose of apportioning the federal credit, the gross value of the property must be that value finally determined for the purposes of the federal estate tax.
2. The federal credit must be multiplied by the percentage which the gross value of property having a situs in Nevada bears to the gross value of the entire estate subject to federal estate tax.
3. The product determined pursuant to subsection 2 must be the portion of the federal credit which is attributable to property having a situs in Nevada.