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. (Added to NRS by 1989, 1496)
Nevada Legal Code