Nevada Revised Statutes Title 32. Revenue and Taxation § 375B.110. Determination of federal credit attributable to certain property situated in Nevada

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.