SECTION 198.155. Payment of tax on generation-skipping transfers.

Latest version.

1(1) 2The person liable for payment of the federal generation-skipping transfer tax shall be liable for the tax imposed by ss. 22198.021 23and 24198.03125.
26(2) 27The tax imposed by ss. 32198.021 33and 34198.031 35is due upon a taxable distribution or taxable termination as determined under applicable provisions of the federal generation-skipping transfer tax.
55(3) 56The tax becomes delinquent the day after the last day allowed for filing a return for the generation-skipping transfer.
75(4) 76The tax shall be paid to the Department of Revenue.
86(5) 87If 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.

Bills Cite this Section:

None

Implemented Rule (8):

Cited by Court Cases:

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