Top Legislation - View All
Latest Action: 02/21/2007 - Assigned to Subcommittee Budget of FW&M Bill TextTaxes, Inheritance Gift - Increases the exemption for the net taxable estate from $1,000,000 for decedents dying in 2006 to $2,000,000 for decedents dying in 2007 and thereafter. - Amends TCA Section 67-8-316. Fiscal Summary for *HB0085 / SB0273Decrease State Revenues - Exceeds $20,000,000
Latest Action: 06/11/2007 - Assigned to Gen. Sub of: Senate Finance, Ways and Means Comm. Bill TextTaxes, Inheritance Gift - Increases the exemption for the net taxable estate from $1,000,000 for decedents dying in 2006 to $2,000,000 for decedents dying in 2007 and thereafter. - Amends TCA Section 67-8-316. Fiscal Summary for SB0273 / *HB0085Decrease State Revenues - Exceeds $20,000,000
Latest Action: 05/14/2008 - Placed on Subcommittee Calendar Budget of Finance, Ways and Means for 05/19/2008 Bill TextCompanion Bill SB2628. Taxes, Inheritance Gift - Adopts amount of federal exclusion as amount of inheritance tax exemption for decedents dying in 2008 and 2009 and abolishes inheritance tax beginning in 2010. - Amends TCA Title 67, Chapter 8. Fiscal Summary for *HB2479 / SB2628Decrease State Revenue - $26,000,000 / FY08-09 $39,500,000 / FY09-10 Exceeds $76,600,000 / FY10-11 and thereafter Bill Summary for *HB2479 / SB2628 Under present law, for the purpose of determining the net taxable estate for inheritance taxes, a maximum single exemption is allowed against the portion of the estate distributable to one or more beneficiaries. The amount of the exemption is based on the date of the decedent's death, as follows: (1) On or after July 1, 1998, but before January 1, 1999: $625,000; [...] show full description
Latest Action: 02/12/2008 - Assigned to Gen. Sub of: Senate Tax Sub Committee of F,W&M. Bill TextCompanion Bill HB2479. Taxes, Inheritance Gift - Adopts amount of federal exclusion as amount of inheritance tax exemption for decedents dying in 2008 and 2009 and abolishes inheritance tax beginning in 2010. - Amends TCA Title 67, Chapter 8. Fiscal Summary for SB2628 / *HB2479Decrease State Revenue - $26,000,000 / FY08-09 $39,500,000 / FY09-10 Exceeds $76,600,000 / FY10-11 and thereafter Bill Summary for SB2628 / *HB2479 Under present law, for the purpose of determining the net taxable estate for inheritance taxes, a maximum single exemption is allowed against the portion of the estate distributable to one or more beneficiaries. The amount of the exemption is based on the date of the decedent's death, as follows: (1) On or after July 1, 1998, but before January 1, 1999: $625,000; [...] show full description
Latest Action: 01/30/2008 - Assigned to Subcommittee Budget of FW&M Bill TextCompanion Bill SB3492. Taxes, Inheritance Gift - Adopts amount of federal exclusion as amount of inheritance tax exemption for decedents dying in 2008 and 2009 and abolishes inheritance tax beginning in 2010. - Amends TCA Title 67, Chapter 8. Fiscal Summary for *HB2931 / SB3492Decrease State Revenue - $26,000,000 / FY08-09 $39,500,000 / FY09-10 Exceeds $76,600,000 / FY10-11 and thereafter Bill Summary for *HB2931 / SB3492 Under present law, for the purpose of determining the net taxable estate for inheritance taxes, a maximum single exemption is allowed against the portion of the estate distributable to one or more beneficiaries. The amount of the exemption is based on the date of the decedent's death, as follows: (1) On or after July 1, 1998, but before January 1, 1999: $625,000; [...] show full description
Latest Action: 05/09/2008 - Assigned to Gen. Sub of Senate F,W&M Comm. Bill TextCompanion Bill HB3502. Taxes, Inheritance Gift - Increases Tennessee's inheritance tax exemption to $3,500,000 to match the federal limit; repeals the tax for years beginning on or after January 1, 2009. - Amends TCA Title 67, Chapter 8. Fiscal Summary for *SB3447 / HB3502Decrease State Revenue - Bill Summary for *SB3447 / HB3502 Under present law, for the purpose of determining the net taxable estate for inheritance taxes, a maximum single exemption is allowed against the portion of the estate distributable to one or more beneficiaries. The amount of the exemption is based on the date of the decedent's death, as follows: (1) On or after July 1, 1998, but before January 1, 1999: $625,000; (2) In 1999: $650,000; (3) In 2000 and 2001: $675,000; (4) In 2002 and 2003: $700,000; (5) In 2004: $850,000; [...] show full description
Latest Action: 01/29/2008 - Referred to Senate Tax Sub Comm. Bill TextCompanion Bill HB2931. Taxes, Inheritance Gift - Adopts amount of federal exclusion as amount of inheritance tax exemption for decedents dying in 2008 and 2009 and abolishes inheritance tax beginning in 2010. - Amends TCA Title 67, Chapter 8. Fiscal Summary for SB3492 / *HB2931Decrease State Revenue - $26,000,000 / FY08-09 $39,500,000 / FY09-10 Exceeds $76,600,000 / FY10-11 and thereafter Bill Summary for SB3492 / *HB2931 Under present law, for the purpose of determining the net taxable estate for inheritance taxes, a maximum single exemption is allowed against the portion of the estate distributable to one or more beneficiaries. The amount of the exemption is based on the date of the decedent's death, as follows: (1) On or after July 1, 1998, but before January 1, 1999: $625,000; [...] show full description
Latest Action: 05/19/2008 - Assigned to Gen. Sub of: Senate Finance, Ways and Means Comm. Bill TextCompanion Bill HB3493. Taxes, Inheritance Gift - Abolishes inheritance taxes beginning in 2009. - Amends TCA Title 8 and Title 67. Fiscal Summary for *SB3820 / HB3493Decrease State Revenue - $75,200,000 / FY09-10 Exceeds $76,600,000 / FY10-11 and thereafter Bill Summary for *SB3820 / HB3493 Under present law, for the purpose of determining the net taxable estate for inheritance taxes, a maximum single exemption is allowed against the portion of the estate distributable to one or more beneficiaries. The amount of the exemption is based on the date of the decedent's death, as follows: (1) On or after July 1, 1998, but before January 1, 1999: $625,000; (2) In 1999: $650,000; (3) In 2000 and 2001: $675,000; (4) In 2002 and 2003: $700,000; (5) In 2004: $850,000; (6) In 2005: [...] show full description
Latest Action: 05/14/2008 - Placed on Subcommittee Calendar Budget of Finance, Ways and Means for 05/19/2008 Bill TextCompanion Bill SB3820. Taxes, Inheritance Gift - Abolishes inheritance taxes beginning in 2009. - Amends TCA Title 8 and Title 67. Fiscal Summary for HB3493 / *SB3820Decrease State Revenue - $75,200,000 / FY09-10 Exceeds $76,600,000 / FY10-11 and thereafter Bill Summary for HB3493 / *SB3820 Under present law, for the purpose of determining the net taxable estate for inheritance taxes, a maximum single exemption is allowed against the portion of the estate distributable to one or more beneficiaries. The amount of the exemption is based on the date of the decedent's death, as follows: (1) On or after July 1, 1998, but before January 1, 1999: $625,000; (2) In 1999: $650,000; (3) In 2000 and 2001: $675,000; (4) In 2002 and 2003: $700,000; (5) In 2004: $850,000; (6) In 2005: [...] show full description
Latest Action: 01/30/2008 - Assigned to Subcommittee Budget of FW&M Bill TextCompanion Bill SB3447. Taxes, Inheritance Gift - Increases Tennessee's inheritance tax exemption to $3,500,000 to match the federal limit; repeals the tax for years beginning on or after January 1, 2009. - Amends TCA Title 67, Chapter 8. Fiscal Summary for HB3502 / *SB3447Decrease State Revenue - Bill Summary for HB3502 / *SB3447 Under present law, for the purpose of determining the net taxable estate for inheritance taxes, a maximum single exemption is allowed against the portion of the estate distributable to one or more beneficiaries. The amount of the exemption is based on the date of the decedent's death, as follows: (1) On or after July 1, 1998, but before January 1, 1999: $625,000; (2) In 1999: $650,000; (3) In 2000 and 2001: $675,000; (4) In 2002 and 2003: $700,000; (5) In 2004: $850,000; [...] show full description
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Latest Legislation - View All
Latest Action: 05/14/2008 - Placed on Subcommittee Calendar Budget of Finance, Ways and Means for 05/19/2008 Bill TextCompanion Bill SB3820. Taxes, Inheritance Gift - Abolishes inheritance taxes beginning in 2009. - Amends TCA Title 8 and Title 67. Fiscal Summary for HB3493 / *SB3820Decrease State Revenue - $75,200,000 / FY09-10 Exceeds $76,600,000 / FY10-11 and thereafter Bill Summary for HB3493 / *SB3820 Under present law, for the purpose of determining the net taxable estate for inheritance taxes, a maximum single exemption is allowed against the portion of the estate distributable to one or more beneficiaries. The amount of the exemption is based on the date of the decedent's death, as follows: (1) On or after July 1, 1998, but before January 1, 1999: $625,000; (2) In 1999: $650,000; (3) In 2000 and 2001: $675,000; (4) In 2002 and 2003: $700,000; (5) In 2004: $850,000; (6) In 2005: [...] show full description
Latest Action: 01/30/2008 - Assigned to Subcommittee Budget of FW&M Bill TextCompanion Bill SB3447. Taxes, Inheritance Gift - Increases Tennessee's inheritance tax exemption to $3,500,000 to match the federal limit; repeals the tax for years beginning on or after January 1, 2009. - Amends TCA Title 67, Chapter 8. Fiscal Summary for HB3502 / *SB3447Decrease State Revenue - Bill Summary for HB3502 / *SB3447 Under present law, for the purpose of determining the net taxable estate for inheritance taxes, a maximum single exemption is allowed against the portion of the estate distributable to one or more beneficiaries. The amount of the exemption is based on the date of the decedent's death, as follows: (1) On or after July 1, 1998, but before January 1, 1999: $625,000; (2) In 1999: $650,000; (3) In 2000 and 2001: $675,000; (4) In 2002 and 2003: $700,000; (5) In 2004: $850,000; [...] show full description
Latest Action: 05/09/2008 - Assigned to Gen. Sub of Senate F,W&M Comm. Bill TextCompanion Bill HB3502. Taxes, Inheritance Gift - Increases Tennessee's inheritance tax exemption to $3,500,000 to match the federal limit; repeals the tax for years beginning on or after January 1, 2009. - Amends TCA Title 67, Chapter 8. Fiscal Summary for *SB3447 / HB3502Decrease State Revenue - Bill Summary for *SB3447 / HB3502 Under present law, for the purpose of determining the net taxable estate for inheritance taxes, a maximum single exemption is allowed against the portion of the estate distributable to one or more beneficiaries. The amount of the exemption is based on the date of the decedent's death, as follows: (1) On or after July 1, 1998, but before January 1, 1999: $625,000; (2) In 1999: $650,000; (3) In 2000 and 2001: $675,000; (4) In 2002 and 2003: $700,000; (5) In 2004: $850,000; [...] show full description
Latest Action: 01/29/2008 - Referred to Senate Tax Sub Comm. Bill TextCompanion Bill HB2931. Taxes, Inheritance Gift - Adopts amount of federal exclusion as amount of inheritance tax exemption for decedents dying in 2008 and 2009 and abolishes inheritance tax beginning in 2010. - Amends TCA Title 67, Chapter 8. Fiscal Summary for SB3492 / *HB2931Decrease State Revenue - $26,000,000 / FY08-09 $39,500,000 / FY09-10 Exceeds $76,600,000 / FY10-11 and thereafter Bill Summary for SB3492 / *HB2931 Under present law, for the purpose of determining the net taxable estate for inheritance taxes, a maximum single exemption is allowed against the portion of the estate distributable to one or more beneficiaries. The amount of the exemption is based on the date of the decedent's death, as follows: (1) On or after July 1, 1998, but before January 1, 1999: $625,000; [...] show full description
Latest Action: 05/19/2008 - Assigned to Gen. Sub of: Senate Finance, Ways and Means Comm. Bill TextCompanion Bill HB3493. Taxes, Inheritance Gift - Abolishes inheritance taxes beginning in 2009. - Amends TCA Title 8 and Title 67. Fiscal Summary for *SB3820 / HB3493Decrease State Revenue - $75,200,000 / FY09-10 Exceeds $76,600,000 / FY10-11 and thereafter Bill Summary for *SB3820 / HB3493 Under present law, for the purpose of determining the net taxable estate for inheritance taxes, a maximum single exemption is allowed against the portion of the estate distributable to one or more beneficiaries. The amount of the exemption is based on the date of the decedent's death, as follows: (1) On or after July 1, 1998, but before January 1, 1999: $625,000; (2) In 1999: $650,000; (3) In 2000 and 2001: $675,000; (4) In 2002 and 2003: $700,000; (5) In 2004: $850,000; (6) In 2005: [...] show full description
Latest Action: 01/30/2008 - Assigned to Subcommittee Budget of FW&M Bill TextCompanion Bill SB3492. Taxes, Inheritance Gift - Adopts amount of federal exclusion as amount of inheritance tax exemption for decedents dying in 2008 and 2009 and abolishes inheritance tax beginning in 2010. - Amends TCA Title 67, Chapter 8. Fiscal Summary for *HB2931 / SB3492Decrease State Revenue - $26,000,000 / FY08-09 $39,500,000 / FY09-10 Exceeds $76,600,000 / FY10-11 and thereafter Bill Summary for *HB2931 / SB3492 Under present law, for the purpose of determining the net taxable estate for inheritance taxes, a maximum single exemption is allowed against the portion of the estate distributable to one or more beneficiaries. The amount of the exemption is based on the date of the decedent's death, as follows: (1) On or after July 1, 1998, but before January 1, 1999: $625,000; [...] show full description
Latest Action: 02/12/2008 - Assigned to Gen. Sub of: Senate Tax Sub Committee of F,W&M. Bill TextCompanion Bill HB2479. Taxes, Inheritance Gift - Adopts amount of federal exclusion as amount of inheritance tax exemption for decedents dying in 2008 and 2009 and abolishes inheritance tax beginning in 2010. - Amends TCA Title 67, Chapter 8. Fiscal Summary for SB2628 / *HB2479Decrease State Revenue - $26,000,000 / FY08-09 $39,500,000 / FY09-10 Exceeds $76,600,000 / FY10-11 and thereafter Bill Summary for SB2628 / *HB2479 Under present law, for the purpose of determining the net taxable estate for inheritance taxes, a maximum single exemption is allowed against the portion of the estate distributable to one or more beneficiaries. The amount of the exemption is based on the date of the decedent's death, as follows: (1) On or after July 1, 1998, but before January 1, 1999: $625,000; [...] show full description
Latest Action: 05/14/2008 - Placed on Subcommittee Calendar Budget of Finance, Ways and Means for 05/19/2008 Bill TextCompanion Bill SB2628. Taxes, Inheritance Gift - Adopts amount of federal exclusion as amount of inheritance tax exemption for decedents dying in 2008 and 2009 and abolishes inheritance tax beginning in 2010. - Amends TCA Title 67, Chapter 8. Fiscal Summary for *HB2479 / SB2628Decrease State Revenue - $26,000,000 / FY08-09 $39,500,000 / FY09-10 Exceeds $76,600,000 / FY10-11 and thereafter Bill Summary for *HB2479 / SB2628 Under present law, for the purpose of determining the net taxable estate for inheritance taxes, a maximum single exemption is allowed against the portion of the estate distributable to one or more beneficiaries. The amount of the exemption is based on the date of the decedent's death, as follows: (1) On or after July 1, 1998, but before January 1, 1999: $625,000; [...] show full description
Latest Action: 06/11/2007 - Assigned to Gen. Sub of: Senate Finance, Ways and Means Comm. Bill TextTaxes, Inheritance Gift - Increases the exemption for the net taxable estate from $1,000,000 for decedents dying in 2006 to $2,000,000 for decedents dying in 2007 and thereafter. - Amends TCA Section 67-8-316. Fiscal Summary for SB0273 / *HB0085Decrease State Revenues - Exceeds $20,000,000
Latest Action: 02/21/2007 - Assigned to Subcommittee Budget of FW&M Bill TextTaxes, Inheritance Gift - Increases the exemption for the net taxable estate from $1,000,000 for decedents dying in 2006 to $2,000,000 for decedents dying in 2007 and thereafter. - Amends TCA Section 67-8-316. Fiscal Summary for *HB0085 / SB0273Decrease State Revenues - Exceeds $20,000,000
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