Bill > LB868

This bill creates an inheritance tax exemption for property passing from a decedent who was a victim of homicide, meaning the person who caused their death was convicted of certain homicide offenses or determined to be responsible by a court. To claim this exemption, an interested party must apply to the Department of Revenue, and the exemption applies to decedents dying on or after June 1, 2026. Additionally, the bill modifies when certain inheritance taxes are due, stating that if an application for the homicide victim exemption is filed within twelve months of the decedent's death, the inheritance tax will be due twelve months after a determination is made that the decedent was *not* a victim of homicide, with provisions for interest and penalties adjusted accordingly. The bill also repeals the original sections of law it amends and declares an emergency, meaning it takes effect immediately upon passage and approval.

Budget and Finance

https://nebraskalegislature.gov/bills/view_bill.php?DocumentID=62585