2006 Nebraska Revised Statutes - § 77-2006 — Inheritance tax; rate; other transfers.

Section 77-2006
Inheritance tax; rate; other transfers.

In all other cases the rate of tax on the clear market value of the beneficial interests shall be as follows: (1) For any amount not exceeding five thousand dollars, six percent; (2) on all the excess of beneficial interests over five thousand dollars and not exceeding ten thousand dollars, nine percent; (3) on all the excess of beneficial interests over ten thousand dollars and not exceeding twenty thousand dollars, twelve percent; (4) on all the excess of beneficial interests over twenty thousand dollars and not exceeding fifty thousand dollars, fifteen percent; and (5) on all the excess of beneficial interests over fifty thousand dollars, eighteen percent. Such rates of tax shall be applied to the clear market value of the beneficial interests in excess of five hundred dollars received by each person. If the clear market value of the beneficial interest is five hundred dollars or less, it shall not be subject to any tax.

Source:

Laws 1901, c. 54, § 1, p. 414

Laws 1905, c. 117, § 1, p. 523

Laws 1907, c. 103, § 1, p. 356

R.S.1913, § 6622

C.S.1922, § 6153

Laws 1923, c. 187, § 1, p. 430

C.S.1929, § 77-2201

Laws 1931, c. 132, § 1, p. 371

C.S.Supp.,1941, § 77-2201

R.S.1943, § 77-2006

Laws 1947, c. 262, § 2, p. 851

Laws 1965, c. 497, § 3, p. 1586

Laws 1988, LB 845, § 2

Annotations:

The Legislature may properly distinguish inheritance tax laws in favor of blood relations, since such distinction is neither arbitrary nor unconstitutionally ambiguous. Ralston v. County of Dawson, 200 Neb. 678, 264 N.W.2d 868 (1978).

Physical absence from home of testatrix, while attending school, did not of itself prevent stepdaughter from being member of household of testatrix for inheritance tax purposes. Wondra v. Platte Valley State Bank & Trust Co., 194 Neb. 41, 230 N.W.2d 182 (1975).

An inheritance by the widower of a daughter is taxable at the rate prescribed by this section. Todd v. County of Box Butte, 169 Neb. 311, 99 N.W.2d 245 (1959).

Tax is imposed upon the clear market value of the beneficial interest taken by the taxpayer. County of Keith v. Triska, 168 Neb. 1, 95 N.W.2d 350 (1959).

~Reissue Revised Statutes of Nebraska