2015 Tennessee Code
Title 67 - Taxes And Licenses
Chapter 8 - Transfer Taxes
Part 1 - Gift Tax
§ 67-8-106 - Tax rates.
(a) The tax imposed by this part with respect to gifts made prior to 1984 shall be computed at the following rates:
CLASS A
1.4 percent on amounts from $10,000 to $25,000;
2 percent on the next $25,000 or part thereof;
4 percent on the next $50,000 or part thereof;
5.5 percent on the next $200,000 or part thereof;
6.5 percent on the next $200,000 or part thereof;
9.5 percent on the excess over $500,000.
CLASS B
6.5 percent on amounts from $5,000 to $50,000;
9.5 percent on the next $50,000 or part thereof;
12 percent on the next $50,000 or part thereof;
13.5 percent on the next $50,000 or part thereof;
16 percent on the next $50,000 or part thereof;
20 percent on the excess over $250,000.
(b) The tax imposed by this part with respect to gifts made after 1983 shall be computed at the following rates:
CLASS A
5.5 percent on the amount of net taxable gifts up to $40,000;
6.5 percent on the next $200,000 or part thereof;
7.5 percent on the next $200,000 or part thereof;
9.5 percent on the excess over $440,000.
CLASS B
6.5 percent on the amount of net taxable gifts up to $50,000;
9.5 percent on the next $50,000 or part thereof;
12 percent on the next $50,000 or part thereof;
13.5 percent on the next $50,000 or part thereof;
16 percent on the excess over $200,000.
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