Nebraska DOR Releases Form PCIT, Petitioner’s County Inheritance Tax Report

The Nebraska Department of Revenue June 1 released Form PCIT, Petitioner’s County Inheritance Tax Report, with instructions, for estate tax purposes. The instructions include: 1) Nebraska law requires the petitioner in a proceeding to determine inheritance tax to submit a report to the county treasurer of the county in which the order determining inheritance is entered, summarizing the amount of inheritance tax revenue collected, by class of beneficiary; 2) Form ECIT, Estate Administrator County Inheritance Tax Report, is due when an order determining inheritance tax has been made; 3) the definitions of Class 1, Class 2, and Class 3 beneficiaries; ...