Nebraska LB868 provides an inheritance tax exemption for victims of homicide and adjusts the timing of inheritance tax payments.

Nebraska LB868 amends inheritance tax laws to exempt victims of homicide from paying inheritance taxes. If a decedent is determined to be a homicide victim, any interest in property passing from them is exempt from inheritance tax. The bill also changes the timing of inheritance tax payments, requiring them to be filed within twelve months after the decedent is determined not to be a homicide victim. The bill repeals original sections 77-2007.03 and 77-2010, and it takes effect immediately upon passage.

Nebraska LB868 provides an inheritance tax exemption for victims of homicide and adjusts the timing of inheritance tax payments.

Nebraska LB868 amends inheritance tax laws to exempt victims of homicide from paying inheritance taxes. If a decedent is determined to be a homicide victim, any interest in property passing from them is exempt from inheritance tax. The bill also changes the timing of inheritance tax payments, requiring them to be filed within twelve months after the decedent is determined not to be a homicide victim. The bill repeals original sections 77-2007.03 and 77-2010, and it takes effect immediately upon passage.