FL S1006

Creates the "Florida Taxpayers Protection Act" imposing a retaliatory tax on property located in Florida belonging to nonresident decedents whose home states impose estate, inheritance, or death taxes on Florida residents.

Tax applies only when the nonresident's state of domicile imposes death taxes on Florida residents' property located in that state at rates exceeding what Florida would impose on similar property of nonresidents.

Tax amount equals what the nonresident would owe under their home state's tax laws if the property locations were reversed between states.

Tax returns and payments are due on the same deadline established by the nonresident's state of domicile for such taxes.

Effective July 1, 2011, for nonresidents who die after June 30, 2011.