Fla. Stat. § 198.155
This is the official text of Fla. Stat. § 198.155, part of Florida’s Stat — part of the compiled statutory law of Florida, published by the state as "Stat." Browse the sections below, each linked to its official government source.
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198.155 Payment of tax on generation-skipping transfers.
Official statutory text
(1) The person liable for payment of the federal generation-skipping transfer tax shall be liable for the tax imposed by ss. 198.021 and 198.031.
(2) The tax imposed by ss. 198.021 and 198.031 is due upon a taxable distribution or taxable termination as determined under applicable provisions of the federal generation-skipping transfer tax.
(3) The tax becomes delinquent the day after the last day allowed for filing a return for the generation-skipping transfer.
(4) The tax shall be paid to the Department of Revenue.
(5) If the tax, or any portion thereof, is not paid before it becomes delinquent, it shall bear interest at the rate of 1 percent per month for each month or fraction thereof that it is delinquent.
History: s. 21, ch. 80-153.
(2) The tax imposed by ss. 198.021 and 198.031 is due upon a taxable distribution or taxable termination as determined under applicable provisions of the federal generation-skipping transfer tax.
(3) The tax becomes delinquent the day after the last day allowed for filing a return for the generation-skipping transfer.
(4) The tax shall be paid to the Department of Revenue.
(5) If the tax, or any portion thereof, is not paid before it becomes delinquent, it shall bear interest at the rate of 1 percent per month for each month or fraction thereof that it is delinquent.
History: s. 21, ch. 80-153.
Status: in_force · Read it on the official government site
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