The bill proposes the complete repeal of various sections of the Florida Statutes related to the state estate tax, specifically sections 198.01 through 198.44. This includes provisions concerning definitions, tax obligations for resident and nonresident decedents, generation-skipping transfers, and the administration of estate tax laws by the Department of Revenue. The bill aims to eliminate the estate tax framework currently in place, effectively removing the legal basis for taxing estates in Florida.

Additionally, the bill amends sections 213.015, 213.21, and 213.285 to conform cross-references to the changes made by the repeal of the estate tax provisions. Notably, it deletes references to sections related to estate tax in the context of taxpayer rights and procedures for tax assessments and audits. The bill is set to take effect upon becoming law, signaling a significant shift in Florida's tax policy regarding estates.

Statutes affected:
H 6019 Filed: 213.21, 213.285