Tax Rates. [Not Applicable to Decedents Who Die in 2016 or After, See § 67-8-318.]

1. Law
2. Tennessee Code
3. Taxes and Licenses
4. Transfer Taxes
5. Inheritance Tax — General Provisions [Not Applicable to Decedents Who Die in 2016 or After, See § 67-8-318.]
6. Tax Rates. [Not Applicable to Decedents Who Die in 2016 or After, See § 67-8-318.]

1. 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:
   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.

2. 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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