Neb. Rev. Stat. §§ 77-2101.03

Current with changes through the 2024 First Special Legislative Session

Section 77-2101.03 - Tax; calculation

(1) For decedents dying on or after January 1, 2003, and before July 1, 2003, the tax on the Nebraska taxable estate shall be the greater of the maximum state tax credit allowance upon the tax imposed under Chapter 11 of the Internal Revenue Code or the amount provided in the following table:

Nebraska taxable estate				Of Excess
At least	But less than	Tax =	+	%	Over
$0	$40,000	$0		0	$0
40,000	90,000	0		.8	40,000
90,000	140,000	400		1.6	90,000
140,000	240,000	1,200		2.4	140,000
240,000	440,000	3,600		3.2	240,000
440,000	640,000	10,000		4	440,000
640,000	840,000	18,000		4.8	640,000
840,000	1,040,000	27,600		5.6	840,000
1,040,000	1,540,000	38,800		6.4	1,040,000
1,540,000	2,040,000	70,800		7.2	1,540,000
2,040,000	2,540,000	106,800		8	2,040,000
2,540,000	3,040,000	146,800		8.8	2,540,000
3,040,000	3,540,000	190,800		9.6	3,040,000
3,540,000	4,040,000	238,800		10.4	3,540,000
4,040,000	5,040,000	290,800		11.2	4,040,000
5,040,000	6,040,000	402,800		12	5,040,000
6,040,000	7,040,000	522,800		12.8	6,040,000
7,040,000	8,040,000	650,800		13.6	7,040,000
8,040,000	9,040,000	786,800		14.4	8,040,000
9,040,000	10,040,000	930,800		15.2	9,040,000
10,040,000		1,082,800		16	10,040,000

(2) For decedents dying on or after July 1, 2003, and before January 1, 2007, the tax on the Nebraska taxable estate shall be the greater of the maximum state tax credit allowance upon the tax imposed under Chapter 11 of the Internal Revenue Code or the amount provided in the following table:

Nebraska taxable estate				Of Excess
At least	But less than	Tax =	+	%	Over
$0	$100,000	$0		5.6	$0
100,000	500,000	5,600		6.4	100,000
500,000	1,000,000	31,200		7.2	500,000
1,000,000	1,500,000	67,200		8	1,000,000
1,500,000	2,000,000	107,200		8.8	1,500,000
2,000,000	2,500,000	151,200		9.6	2,000,000
2,500,000	3,000,000	199,200		10.4	2,500,000
3,000,000	3,500,000	251,200		11.2	3,000,000
3,500,000	4,000,000	307,200		12	3,500,000
4,000,000	5,000,000	367,200		12.8	4,000,000
5,000,000	6,000,000	495,200		13.6	5,000,000
6,000,000	7,000,000	631,200		14.4	6,000,000
7,000,000	8,000,000	775,200		15.2	7,000,000
8,000,000	9,000,000	927,200		16	8,000,000
9,000,000		1,087,200		16.8	9,000,000

(3) Taxable generation-skipping transfers shall be taxed at a rate of sixteen percent of the Nebraska taxable transfer.

Neb. Rev. Stat. §§ 77-2101.03

Laws 2002, LB 905, § 4; Laws 2003, LB 283, § 2; Laws 2003, LB 759, § 2; Laws 2004, LB 1034, § 1; Laws 2007, LB367, § 8.