Tennessee § 67-8-316 [Not applicable to decedents who die in 2016 or after, see section 67-8-318.] Exemptions

Tennessee Statutes

§ 67-8-316 — [Not applicable to decedents who die in 2016 or after, see section 67-8-318.] Exemptions

Tennessee § 67-8-316

Title67

This text of Tennessee § 67-8-316 ([Not applicable to decedents who die in 2016 or after, see section 67-8-318.] Exemptions) 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. § 67-8-316 (2026).

Text

(a)(1) For the sole purpose of determining the net taxable estate under this part and part 4 of this chapter, there shall be allowed against the net estate a maximum single exemption against that portion of the estate distributable to one (1) or more beneficiaries of Class A of an amount determined according to the following schedule: In the case of a decedent dying: Amount On or after October 1, 1983, but before January 1, 1984 $275,000 In 1984 325,000 In 1985 400,000 In 1986 500,000 After 1986 600,000 and there shall be allowed against the net estate a maximum single exemption against that portion of the estate distributable to one (1) or more beneficiaries of Class B of an amount determined according to the following schedule: In the case of a decedent dying: Amount On or after July 1,

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(a) (1) For the sole purpose of determining the net taxable estate under this part and part 4 of this chapter, there shall be allowed against the net estate a maximum single exemption against that portion of the estate distributable to one (1) or more beneficiaries of Class A of an amount determined according to the following schedule: In the case of a decedent dying: Amount On or after October 1, 1983, but before January 1, 1984 $275,000 In 1984 325,000 In 1985 400,000 In 1986 500,000 After 1986 600,000 and there shall be allowed against the net estate a maximum single exemption against that portion of the estate distributable to one (1) or more beneficiaries of Class B of an amount determined according to the following schedule: In the case of a decedent dying: Amount On or after July 1, 1984, but before January 1, 1985 $25,000 In 1985 50,000 In 1986 100,000 In 1987 150,000 In 1988 250,000 In 1989 350,000 After 1989 600,000 (2) After 1989, no distinction shall be made in classes of beneficiaries and all beneficiaries listed in subsection (b) in Class B shall be included in Class A. (b) For the sole purpose of determining the net taxable estate under this part and part 4 of this chapter, there shall be allowed against the net estate a maximum single exemption against that portion of the estate distributable to one (1) or more beneficiaries of an amount to be determined by the following schedule: In the case of a decedent dying: Amount On or after July 1, 1998, but before January 1, 1999 $625,000 In 1999 650,000 In 2000 and 2001 675,000 In 2002 and 2003 700,000 In 2004 850,000 In 2005 950,000 In 2006 through 2012 1,000,000 In 2013 1,250,000 In 2014 2,000,000 In 2015 5,000,000 (c) In the case of estates of nonresidents, the exemptions in this section shall be apportioned in the ratio that the value of the property included in the gross estate; to wit, property, the transfer of which is subject to the tax imposed bears to the value of all of the property that would have been included in the gross estate, if the decedent had been a resident of this state; provided, that, in any event, such proportionate part of the exemption shall not be less than is permitted by the Constitution of the United States.

Legislative History

Acts 1929 (Ex. Sess.), ch. 29, § 2(2)hereby; Code 1932, § 1266; Acts 1963, ch. 196; 1965, ch. 18, § 1; 1967, ch. 383, § 1; 1972, ch. 452, § 2; impl. am. Acts 1976, ch. 529, § 1; impl. am. Acts 1977, ch. 25, §§ 3-5; Acts 1978, ch. 731, § 5; 1983, ch. 73, § 4; T.C.A. (orig. ed.), § 30-1609; Acts 1984, ch. 989, § 1; 1985, ch. 364, § 5; 1998, ch. 761, § 1; 2012, ch. 1057, § 1.