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Bill Title: As introduced, increases, from $1,000,000 to $5,000,000, the single allowable exemption to be applied against net estate for state inheritance taxes; requires exemption amount to match exemption for federal estate taxes; requires state gift tax exemption to be the same as inflation adjusted exclusion amount for federal gift taxes. - Amends TCA Title 67, Chapter 8, Part 1; Title 67, Chapter 8, Part 3 and Title 67, Chapter 8, Part 4.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2012-03-13 - Assigned to Gen. Sub of: S. Tax Sub Committee of F,W&M. [SB2649 Detail]

Download: Tennessee-2011-SB2649-Draft.pdf

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