2019 Tennessee Code
Title 67 - Taxes and Licenses
Chapter 8 - Transfer Taxes
Part 3 - Inheritance Tax — General Provisions [Not Applicable to Decedents Who Die in 2016 or After, See § 67-8-318.]
§ 67-8-316. Exemptions. [Not applicable to decedents who die in 2016 or after, see § 67-8-318.]

Universal Citation:
TN Code § 67-8-316 (2019)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.
  • (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: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 October 1, 1983, but$275,000
        • before January 1, 1984

        In 1984325,000 In 1985400,000 In 1986500,000 After 1986600,000 In the case of a decedent dying:Amount On or after July 1, 1984, but$25,000
        • before January 1, 1985

        In 198550,000 In 1986100,000 In 1987150,000 In 1988250,000 In 1989350,000 After 1989600,000
    • (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$625,000
      • before January 1, 1999

      In 1999650,000 In 2000 and 2001675,000 In 2002 and 2003700,000 In 2004850,000 In 2005950,000 In 2006 through 20121,000,000 In 20131,250,000 In 20142,000,000 In 20155,000,000
  • (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.

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