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FL H0183
Bill
Status
Introduced
1/12/2011
Primary Sponsor
Charles McBurney
Click for details
AI Summary
- Creates section 198.46 of Florida Statutes establishing a retaliatory tax on property transfers of nonresident decedents located in Florida
- Tax applies only when the nonresident's state of domicile imposes estate, inheritance, or other death taxes on Florida residents' property located in that state
- Tax amount equals what the nonresident would pay under their home state's law if their Florida property were located in their state of domicile and vice versa
- Tax payment and returns are due by the same deadline prescribed by the nonresident's state of domicile
- Effective July 1, 2011, and applies to nonresidents who die after June 30, 2011
Legislative Description
Estate, Inheritance, and Other Death Taxes
Last Action
Indefinitely postponed and withdrawn from consideration
5/7/2011
Committee Referrals
Civil Justice Subcommittee1/25/2011
Full Bill Text
No bill text available