Florida § 198.031 - Tax upon generation-skipping transfers of nonresidents.
Full text of Florida Florida Statutes § 198.031 — Tax upon generation-skipping transfers of nonresidents., with citation guidance and answers to common questions.
§ 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.
Source: official Florida text · Last verified 2026-08-27
Frequently Asked Questions About Florida § 198.031
What does Florida Statutes § 198.031 cover?
Section 198.031 ("Tax upon generation-skipping transfers of nonresidents.") 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 § 198.031?
A common citation format is "Florida Statutes § 198.031" (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 § 198.031 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.