{"data":{"id":"us-ne/neb.-rev.-stat.-30-3144","jurisdiction":"us-ne","citation":"Neb. Rev. Stat. § 30-3144","heading":"Neb. Rev. Stat. § 30-3144","body":"(a) In this section, depreciation means a reduction in value due to wear, tear, decay, corrosion, or gradual obsolescence of a fixed asset having a useful life of more than one year.\n\n(b) A trustee may transfer to principal a reasonable amount of the net cash receipts from a principal asset that is subject to depreciation, but may not transfer any amount for depreciation:\n\n(1) of that portion of real property used or available for use by a beneficiary as a residence or of tangible personal property held or made available for the personal use or enjoyment of a beneficiary;\n\n(2) during the administration of a decedent's estate; or\n\n(3) under this section if the trustee is accounting under section 30-3129 for the business or activity in which the asset is used.\n\n(c) An amount transferred to principal need not be held as a separate fund.","path":["NE Code","Chapter 30"],"source_url":"https://nebraskalegislature.gov/laws/statutes.php?statute=30-3144","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:21Z","sha256":"9991531041f8ce0acaa5966fdd2bf8b1dcc0da8b621b645f051c76600ce85968","source_id":"us-ne","stale":false,"prev":"us-ne/neb.-rev.-stat.-30-3143","next":"us-ne/neb.-rev.-stat.-30-3145"},"notice":"GroundRules: Original legal text. Not legal advice."}