Tennessee § 67-8-314 [Not applicable to decedents who die in 2016 or after, see section 67-8-318.] Tax rates

Tennessee Statutes

§ 67-8-314 — [Not applicable to decedents who die in 2016 or after, see section 67-8-318.] Tax rates

Tennessee § 67-8-314

Title67

This text of Tennessee § 67-8-314 ([Not applicable to decedents who die in 2016 or after, see section 67-8-318.] Tax rates) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tenn. Code Ann. § 67-8-314 (2026).

Text

(a)The tax imposed upon the value of the net taxable estate of a decedent, distributable in accordance with the classification, deductions, allowances and exemptions set out in this part shall be, respectively, at the following rates:

(1)Class A If net taxable estate is: The tax is: Not over $40,000 5.5% of the net taxable estate. Over $40,000 but not over $240,000 $2,200, plus 6.5% of the excess over $40,000. Over $240,000 but not over $440,000 $15,200, plus 7.5% of the excess over $240,000. Over $440,000 $30,200, plus 9.5% of the excess over $440,000.

(2)Class B If the net taxable estate is: The tax is: Not over $40,000 5.5% of the net taxable estate. Over $40,000 but not over $240,000 $2,200 plus 6.5% of the excess over $40,000. Over $240,000 but not over $440,000 $15,200 plus 7.5% o

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(a) The tax imposed upon the value of the net taxable estate of a decedent, distributable in accordance with the classification, deductions, allowances and exemptions set out in this part shall be, respectively, at the following rates: (1) Class A If net taxable estate is: The tax is: Not over $40,000 5.5% of the net taxable estate. Over $40,000 but not over $240,000 $2,200, plus 6.5% of the excess over $40,000. Over $240,000 but not over $440,000 $15,200, plus 7.5% of the excess over $240,000. Over $440,000 $30,200, plus 9.5% of the excess over $440,000. (2) Class B If the net taxable estate is: The tax is: Not over $40,000 5.5% of the net taxable estate. Over $40,000 but not over $240,000 $2,200 plus 6.5% of the excess over $40,000. Over $240,000 but not over $440,000 $15,200 plus 7.5% of the excess over $240,000. Over $440,000 $30,200 plus 9.5% of the excess over $440,000. (b) In the case of a decedent dying in 2016, or in any subsequent year, no tax shall be imposed pursuant to this part; provided, however, that this subsection (b) shall not be construed to absolve liability for any tax duly levied by this section, during any year prior to January 1, 2016.

Legislative History

Acts 1929 (Ex. Sess.), ch. 29, § 2(3); Code 1932, § 1267; Acts 1935 (Ex. Sess.), ch. 41, § 1; C. Supp. 1950, § 1267; Acts 1967, ch. 141, § 1; 1972, ch. 452, § 3; 1978, ch. 731, § 6; T.C.A. (orig. ed.), § 30-1610; Acts 1984, ch. 989, § 2; 1985, ch. 364, § 4; 2012, ch. 1057, § 2.