Determination of federal credit attributable to certain property situated in Nevada.
Nev. Rev. Stat. § 375B.110
in effectIf 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.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-375B.htmlFetched: 10/4/2026