Nevada § 375B.110 - Determination of federal credit attributable to certain property situated in Nevada
Full text of Nevada Nevada Revised Statutes § 375B.110 — Determination of federal credit attributable to certain property situated in Nevada, with citation guidance and answers to common questions.
§ 375B.110. Determination of federal credit attributable to certain property situated in Nevada
If 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: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 375B.110
What does Nevada Revised Statutes § 375B.110 cover?
Section 375B.110 ("Determination of federal credit attributable to certain property situated in Nevada") 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 § 375B.110?
A common citation format is "Nevada Revised Statutes § 375B.110" (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 § 375B.110 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.