Florida § 198.021 - Tax upon generation-skipping transfers of residents.
Full text of Florida Florida Statutes § 198.021 — Tax upon generation-skipping transfers of residents., with citation guidance and answers to common questions.
§ 198.021. Tax upon generation-skipping transfers of residents.
A tax is hereby imposed upon every generation-skipping transfer in which the original transferor is a resident of this state at the date of original transfer, 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, to the extent such credit exceeds the aggregate amount of all constitutionally valid taxes on the same transfer actually paid to the several states of the United States other than this state.
Source: official Florida text · Last verified 2026-08-27
Frequently Asked Questions About Florida § 198.021
What does Florida Statutes § 198.021 cover?
Section 198.021 ("Tax upon generation-skipping transfers of residents.") is part of the Florida Statutes, the codified statutory law of Florida. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Florida § 198.021?
A common citation format is "Florida Statutes § 198.021" (Florida). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Florida law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Florida official source linked on this page or consult a licensed Florida attorney.
How does Florida § 198.021 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Florida can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Florida.