Florida Statute 198.031 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XIV
TAXATION AND FINANCE

Chapter 198
ESTATE TAXES

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F.S. 198.031

198.031 Tax upon generation-skipping transfers of nonresidents.—A tax is hereby imposed upon every generation-skipping transfer in which the original transferor is not a resident of this state at the date of the original transfer but in which the property transferred includes real or personal property in this state, in an amount equal to the amount allowable as a credit for state legacy taxes under s. 2604 of the Internal Revenue Code of 1986, as amended, reduced by an amount which bears the same ratio to the total state tax credit allowable for federal generation-skipping transfer tax purposes as the value of the transferred property taxable by all other states bears to the value of the gross generation-skipping transfer for federal generation-skipping transfer tax purposes.

History.—s. 3, ch. 80-153; s. 5, ch. 89-356.

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Amendments to 198.031

Arrestable Offenses / Crimes under Fla. Stat. 198.031

Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 198.031.

Annotations, Discussions, Cases:

Cases Citing Statute 198.031

Total Results: 1

Florida Bar re Hochman

Court: Fla. | Date Filed: 2006-10-19T00:00:00-07:00

Citation: 944 So. 2d 198, 31 Fla. L. Weekly Supp. 686, 2006 Fla. LEXIS 2426, 2006 WL 2971659

Snippet: Pariente, Quince, Wells 19 October 2006 944 So. 2d 198, 31 Fla. L. Weekly Supp. 686, 2006 Fla. LEXIS 2426,