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INHERITANCE TAX COMPUTATION
The state inheritance tax is imposed upon the net taxable estate of a decedent. In the case of resident decedent's between January 1, 2006 and
December 31, 2012, the allowable exemption is $1,000,000; in 2013, the allowable exemption is $1,250,000; in 2014; the allowable exemption
is $2,000,000; and in 2015, the allowable exemption is $5,000,000. In 2016 and thereafter, no inheritance tax is imposed.
DOLLARS CENTS
1. Taxable estate (From Line 16, Page 3) ............................................................................. ________________________00
2. Deduct: Statutory exemption ............................................................................................. ________________________00
3. Net taxable estate (Line 1 minus 2) ................................................................................... ________________________00
4. Inheritance tax (Compute the tax by using the applicable tax rate
shown below and transfer to Line 1, Page 1) .................................................................... ________________________00
If Line 3 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
SUPPLEMENTAL INFORMATION:
If entries on the federal return regarding the value of the gross estate or the reported total allowable deductions differ from the
corresponding entries on the Tennessee return, please explain the difference below. If no federal estate tax return was filed, enter
below: assets not taxable in Tennessee or deductions not allowable in Tennessee.
ITEM EXPLANATION
NO.
(If more space is required, attach additional sheets of same size.)
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