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2020 Nebraska Revised Statutes
Chapter 77 - Revenue and Taxation
77-2101.03 Tax; calculation.
Universal Citation: NE Code § 77-2101.03 (2020)
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.
Source
- Laws 2002, LB 905, § 4;
- Laws 2003, LB 283, § 2;
- Laws 2003, LB 759, § 2;
- Laws 2004, LB 1034, § 1;
- Laws 2007, LB367, § 8.
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