A voltage generating circuit, which generates tri-state logic output in accordance with high, low or floating of the input node, is proposed. The present voltage generating circuit includes: a pulse generating circuit for generating a plurality of pulses; a voltage selecting circuit having a pair of NMOS transistors coupled in common source, each drain of the NMOS transistors is coupled to a current source respectively, both gates of the NMOS transistors are coupled to an input node, and the paired drain of the NMOS transistors generate a pair of voltage output; a plurality of flip-flops, which couple to drains of the NMOS transistors to lock the voltage output of the NMOS transistors in accordance with the pulses; an inner voltage-generating unit couples to the input node for providing a floating voltage level; and a plurality of switches controlled by the pulses for controlling the normal operation of the voltage selecting circuit and the conduction between the inner-voltage generating unit with the input node.