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

(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:

Terms Used In Tennessee Code 67-8-314

  • Decedent: A deceased person.
  • Year: means a calendar year, unless otherwise expressed. See Tennessee Code 1-3-105
(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.
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