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77-2101 Terms, defined.

NE Code § 77-2101 (2019) (N/A)
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77-2101. Terms, defined.

For purposes of sections 77-2101 to 77-2116:

(1) Estate tax means the tax due to the state under section 77-2101.01;

(2) Generation-skipping transfer tax means the tax due to the state under section 77-2101.02;

(3) Nebraska taxable estate means the federal taxable estate, as determined under Chapter 11 of the Internal Revenue Code, minus one million dollars;

(4) Nebraska taxable transfer means the federal taxable transfer, as determined under Chapter 13 of the Internal Revenue Code, minus one million dollars; and

(5) Transfer tax means the estate tax and generation-skipping transfer tax.

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77-2040 Inheritance tax; estate tax; decedent dying after December 31, 1982; provisions applicable; changes applicable January 1, 2008.
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77-2101.01 Estate tax; amount.