Tax Rates. [Not Applicable to Any Transfer by Gift Made on or After January 1, 2012, See § 67-8-118.]

1. Law
2. Tennessee Code
3. Taxes and Licenses
4. Transfer Taxes
5. Gift Tax [Not Applicable to Any Transfer by Gift Made on or After January 1, 2012, See § 67-8-118.]
6. Tax Rates. [Not Applicable to Any Transfer by Gift Made on or After January 1, 2012, See § 67-8-118.]

1. 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.

2. 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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