Nev. Rev. Stat. § 375B.110
Determination of federal credit attributable to certain property situated in Nevada
Nevada · Nevada Revised Statutes Chapter 375B — Generation-Skipping Transfer Tax · Status: effective
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- Citation
- Nev. Rev. Stat. § 375B.110, Determination of federal credit attributable to certain property situated in Nevada, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2108256
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Full text
If the generation-skipping transfer includes property having a situs in this State and 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 generation-skipping transfer 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 transfer which is subject to federal generation-skipping transfer tax.
3. The product determined pursuant to subsection 2 is the portion of the federal credit which is attributable to property having a situs in Nevada.