Provide an inheritance tax exemption relating to victims of homicide and change provisions relating to when certain inheritance taxes are due

Nebraska's LB 868 creates an inheritance tax exemption for property transferred from a person who was a homicide victim. This directly affects individuals inheriting assets from someone killed in a homicide, as they may qualify for the exemption by filing an application with the Department of Revenue. The bill changes the tax payment deadline: if an exemption application is filed within 12 months of the death, the tax becomes due 12 months after the exemption determination (not the death date). The exemption applies to deaths on or after June 1, 2026, and requires either a homicide conviction or a court determination that the decedent was a victim.