Florida
FL · state · 10 cited facts
| Category | Provision | Value | Source |
|---|---|---|---|
| estate-none | Estate and inheritance tax | None | sources (1)Fla. Stat. 198.02 · high confidence · as of 2026-07-02 · TY 2025 Florida estate tax is a pickup equal to the federal state death tax credit, zero for current deaths A tax is imposed upon the transfer of the estate of every person who, at the time of death, was a resident of this state, the amount of which shall be a sum equal to the amount by which the credit allowable under the applicable federal revenue act Note: Quote truncated at 48 words; statute continues 'for estate, inheritance, legacy, and succession taxes actually paid to the several states'. Pickup: federal credit zero since 2005, so no FL estate tax due. https://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&URL=0100-0199/0198/Sections/0198.02.html |
| no-tax | Capital gains tax | None Florida Constitution bars a personal income tax | sources (1)Fla. Const. art. VII, §5(a) · medium confidence · as of 2026-06-10 · TY 2025 Florida Constitution bars a personal income tax; capital gains not taxed No income tax shall be levied upon natural persons who are residents or citizens of this state. Note: URL resolves to the Florida Constitution Article VII index; §5(a) is within this article. https://www.flsenate.gov/Laws/Constitution/Article7 |
| muni-instate | In-state muni bond interest | Exempt: no Florida state income tax | sources (1)Fla. Const. art. VII, §5(a) · medium confidence · as of 2026-06-10 · TY 2025 Florida Constitution bars a personal income tax; capital gains not taxed No income tax shall be levied upon natural persons who are residents or citizens of this state. Note: URL resolves to the Florida Constitution Article VII index; §5(a) is within this article. https://www.flsenate.gov/Laws/Constitution/Article7 |
| muni-outstate | Out-of-state muni bond interest | Exempt: no Florida state income tax | sources (1)Fla. Const. art. VII, §5(a) · medium confidence · as of 2026-06-10 · TY 2025 Florida Constitution bars a personal income tax; capital gains not taxed No income tax shall be levied upon natural persons who are residents or citizens of this state. Note: URL resolves to the Florida Constitution Article VII index; §5(a) is within this article. https://www.flsenate.gov/Laws/Constitution/Article7 |
| agency-obligations | GSE bond interest (FNMA/FHLMC) | Exempt: no Florida state income tax | sources (1)Fla. Const. art. VII, §5(a) · medium confidence · as of 2026-06-10 · TY 2025 Florida Constitution bars a personal income tax; capital gains not taxed No income tax shall be levied upon natural persons who are residents or citizens of this state. Note: URL resolves to the Florida Constitution Article VII index; §5(a) is within this article. https://www.flsenate.gov/Laws/Constitution/Article7 |
| dividend-qualified | Qualified dividend income | Moot: no Florida state income tax | sources (1)Fla. Const. art. VII, §5(a) · medium confidence · as of 2026-06-10 · TY 2025 Florida Constitution bars a personal income tax; capital gains not taxed No income tax shall be levied upon natural persons who are residents or citizens of this state. Note: URL resolves to the Florida Constitution Article VII index; §5(a) is within this article. https://www.flsenate.gov/Laws/Constitution/Article7 |
| treasury | U.S. Treasury interest | Exempt: no Florida state income tax | sources (1)Fla. Const. art. VII, §5(a) · medium confidence · as of 2026-06-10 · TY 2025 Florida Constitution bars a personal income tax; capital gains not taxed No income tax shall be levied upon natural persons who are residents or citizens of this state. Note: URL resolves to the Florida Constitution Article VII index; §5(a) is within this article. https://www.flsenate.gov/Laws/Constitution/Article7 |
| fhlb-ffcb | FHLB and FFCB bond interest | Exempt: no Florida state income tax | sources (1)Fla. Const. art. VII, §5(a) · medium confidence · as of 2026-06-10 · TY 2025 Florida Constitution bars a personal income tax; capital gains not taxed No income tax shall be levied upon natural persons who are residents or citizens of this state. Note: URL resolves to the Florida Constitution Article VII index; §5(a) is within this article. https://www.flsenate.gov/Laws/Constitution/Article7 |
| marital-elective-cp | Elective community property trust available | Yes: Florida Community Property Trust Act (Fla. Stat. §§736.1501-736.1512, effective July 1, 2021) allows married couples to elect community property treatment for assets held in a qualifying trust | sources (1)Fla. Stat. §736.1502 · high confidence · as of 2026-06-22 · TY 2025 Florida Community Property Trust Act: married couple may establish a community property trust (effective July 1, 2021) A married couple who establishes a community property trust pursuant to this part. Note: Fla. Stat. §736.1502 defines 'Settlor spouses' as a married couple who creates a community property trust under Part XV of Chapter 736 (ss. 736.1501-736.1512). The Act took effect July 1, 2021. Florida is not a mandatory community property state; this is an elective opt-in mechanism. https://www.flsenate.gov/Laws/Statutes/2025/736.1502 |
| marital-udcprda | Uniform Disposition of Community Property Rights at Death Act (UDCPRDA) | Yes: Fla. Stat. §§732.216-732.228 preserves community property character of assets acquired in CP states at death of a Florida resident (enacted 1992); surviving spouse retains one-half CP interest | sources (1)Fla. Stat. §§732.216-732.228 · high confidence · as of 2026-06-22 · TY 2025 Florida Uniform Disposition of Community Property Rights at Death Act (adopted 1992) Sections 732.216-732.228 may be cited as the 'Florida Uniform Disposition of Community Property Rights at Death Act.' Note: Florida enacted UDCPRDA in 1992 (ch. 92-200, Laws of Florida). Protects the community property character of assets acquired in community property states when a couple moves to Florida. At death, the surviving spouse retains their one-half community property interest. This is separate from the elective CP trust available under Fla. Stat. §§736.1501-736.1512. https://www.flsenate.gov/Laws/Statutes/2024/732.216 |