Nevada § 150.340 - Present and future estates: Charge of tax against corpus without apportionment
Full text of Nevada Nevada Revised Statutes § 150.340 — Present and future estates: Charge of tax against corpus without apportionment, with citation guidance and answers to common questions.
§ 150.340. Present and future estates: Charge of tax against corpus without apportionment
1. In cases where a trust is created, or other provision made whereby any person is
given any interest in income, or an estate for years, or for life, or other temporary
interest in any property or fund, the tax on both such temporary interest and on the
remainder thereafter shall be charged against and paid out of the corpus of such property
or fund without apportionment between remainders and temporary estates. 2. The provisions of subsection 1 shall apply notwithstanding that the holder of a
temporary interest is given rights to the corpus, but shall not apply to a common-law
annuity.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 150.340
What does Nevada Revised Statutes § 150.340 cover?
Section 150.340 ("Present and future estates: Charge of tax against corpus without apportionment") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 150.340?
A common citation format is "Nevada Revised Statutes § 150.340" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 150.340 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.