(a) The tax imposed by this part with respect to gifts made prior to 1984 shall be computed at the following rates: CLASS A1.4 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 B6.5 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.(b) The tax imposed by this part with respect to gifts made after 1983 shall be computed at the following rates: CLASS A5.5 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 B6.5 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 $50,000 000.CLASS B6.5 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.Acts 1939, ch. 137, § 5; C. Supp. 1950, § 1295.5 (Williams, § 1328.5); Acts 1967, ch. 133, § 1; 1983, ch. 73, § 12; T.C.A. (orig. ed.), § 67-2506.
Tennessee Legal Code