A tax is hereby imposed on the transfer of the taxable estate of a:

1. Resident decedent in the amount of the maximum credit allowable against the federal estate tax for the payment of state death taxes on all:

(a) Real and tangible personal property of the decedent, or any interest therein, having a situs in this state at the time of death; and

(b) Intangible personal property of the decedent, or any interest therein, within or outside this state or otherwise subject to the jurisdiction of this state at the time of death.

2. Nonresident decedent in the amount of the maximum credit allowable against the federal estate tax for the payment of state death taxes on:

(a) All real and tangible personal property of the decedent, or any interest therein, having a situs in this state at the time of death; and

(b) If the decedent is a nonresident of the United States, all intangible personal property, or any interest therein, in this state at the time of death, including all stock of a corporation organized under the laws of Nevada or which has its principal place of business or does the major part of its business in Nevada or of a federal corporation or national bank which has its principal place of business or does the major part of its business in Nevada, except:

(1) Savings accounts in savings and loan associations or savings banks operating under the authority of the Division of Financial Institutions of the Department of Business and Industry or the Federal Home Loan Bank; and

(2) Bank deposits, unless those deposits are held and used in connection with a business conducted or operated, in whole or in part, in Nevada.

(Added to NRS by 1987, 27; A 1991, 152; 1993, 1578)