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FL S0278
Bill
Status
Introduced
1/18/2023
Primary Sponsor
Finance and Tax
Click for details
AI Summary
- Exempts the estate of any decedent who died after December 31, 2004, from the requirement that state estate taxes be paid before a court may approve the final account and discharge of a personal representative, provided no state estate tax credit or generation-skipping transfer credit is allowable under the federal Internal Revenue Code
- Removes the requirement for personal representatives to file a nontaxable estate affidavit when no federal state estate tax credit or generation-skipping transfer credit applies to decedents who died after December 31, 2004
- Eliminates estate liens under the prima facie tax liability provisions for estates where no such federal credits are allowable
- Applies to all probate proceedings commenced on or after July 1, 2023, as well as proceedings pending on that date for which an order of final discharge has not yet been entered
- Effective date of July 1, 2023; amends sections 198.26 and 198.32 of the Florida Statutes
Legislative Description
State Estate Tax
Last Action
Laid on Table, companion bill(s) passed, see CS/HB 619 (Ch. 2023-207)
4/27/2023
Committee Referrals
Appropriations3/15/2023
Finance and Tax2/7/2023
Full Bill Text
No bill text available