Title 67, Taxes And Licenses

(a) Upon the payment of the whole tax imposed against an estate under this part and part 3 of this chapter, the commissioner shall issue receipt therefor in duplicate to the representative of the estate, one (1) copy of which shall be filed in the office of the clerk of the court…

(a) (1) Failure or refusal to make any report or return provided for in this part and part 3 of this chapter is a Class C misdemeanor.(2) The payment of any penalty imposed shall in no wise affect the liability for the tax, interest and any other penalties prescribed in this part…

Executors, administrators and trustees shall be liable for all taxes payable on the estate, together with any interest or penalties provided in this part, until the same shall have been paid; provided, that in no case shall such executor, administrator or trustee be liable for a …

(a) Every life insurance company or association doing business in this state shall, within ten (10) days after the approval of proof of death of a person insured under a policy or policies, in such companies or association, give notice in writing to the commissioner where the est…

This part does not apply in the case of any decedent who died in 2016 or in any subsequent year.

(1) As used in this part, unless the context otherwise requires:(1) “Executor” means any executor of the will or administrator of the estate of a decedent, except an ancillary administrator;(2) “Inheritance tax” means any tax levied by a state on account of the transfer or shifti…

In any case in which this state and one (1) or more other states each claims that it was the domicile of a decedent at the time of death, and no judicial determination of domicile for inheritance tax purposes has been made in any such states, any executor, or the taxing official …

(a) In any case in which an election is made as provided in § 67-8-502 and not rejected, the commissioner may enter into a written agreement with the other taxing officials involved and with the executors, to accept a certain sum in full payment of any inheritance tax, together w…

(1) If in any such case it appears that an agreement cannot be reached as provided in § 67-8-503, or if one (1) year shall have elapsed from the date of the election without such an agreement having been reached, the domicile of the decedent at the time of death shall be determin…

This part shall apply only in cases in which each of the states involved has in effect a law substantially similar to this part.

This part does not apply in the case of any decedent who died in 2016 or in any subsequent year.

This part shall be known and may be cited as the “Generation-Skipping Transfer Tax Law.”

(1) As used in this part, unless the context otherwise requires:(1) “Federal generation-skipping transfer tax” means the tax imposed by 26 U.S.C. § 2601;(2) “Generation-skipping transfer” means a transfer subject to the tax imposed by 26 U.S.C. § 2601 where the original transfero…

(a) A tax is imposed upon every generation-skipping transfer in an amount equal to the amount allowable as a credit for state inheritance taxes under 26 U.S.C. § 2604. (b) If any of the property transferred is real property located in another state or is tangible personal propert…

(a) Every person required to file a return reporting a generation-skipping transfer under applicable federal statute and regulations shall file a return with the department of revenue on or before the last day prescribed for filing the federal return, and shall pay the tax impose…

To the extent not inconsistent with §§ 67-8-603 and 67-8-604, the administrative and enforcement provisions of the inheritance tax law, as stated in parts 3-5 of this chapter, shall be applicable to this part in the event the original transferor is not alive at the time of the tr…

(a) This part shall be known and may be cited as the “Payment of Transfer Taxes in Kind Act.” (b) It is the intent of this part, in appropriate circumstances, to allow the payment of transfer taxes under this chapter by the transfer to the state of unique objects of significant h…

(1) As used in this part, unless the context otherwise requires:(1) “Department” means the department of revenue;(2) “Donor” means any person responsible for the payment of transfer taxes to the state, including, but not limited to, a personal representative, executor, administra…

(a) Any donor may make application to transfer qualified property to a receiving entity as an in-kind payment of transfer taxes. (b) The donor shall first obtain a written appraisal of the qualified property. The donor shall then notify the receiving entity in writing of the desi…

(a) Upon assumption of title by a receiving entity to property accepted as an in-kind payment, the department shall credit to the donor against the amount of taxes owed the valuation of the qualified property approved in the donor's application. In no case shall any credit allowe…

The commissioner is authorized to promulgate rules and regulations and to design forms to implement this part.

(a) Any increase in the payments received by the state from the Tennessee Valley authority in lieu of taxes under § 13 of the act of congress creating the authority, as amended, above the payments received in the fiscal year 1977-1978 shall be apportioned between the state and lo…

(a) (1) Payments provided in § 67-9-101(a)(2) shall be made in accordance with the following formula:(A) Thirty percent (30%) of the available amount shall be paid to counties in accordance with the percentage that the population of each county bears to the total state population…

(a) Upon receipt of any payments in lieu of taxes by the Tennessee Valley authority, the commissioner of revenue shall be notified. (b) The commissioner of revenue shall determine, in accordance with this part, the payments to local governments and shall direct the commissioner o…

(a) Notwithstanding any other provision of the law to the contrary, a hospital authority, created by a county or municipality pursuant to private act or local resolution, that owns real property leased for commercial purposes, separate and distinct from the real property owned by…

This chapter shall be known and may be cited as the “Health Savings Account Act.”

(1) As used in this chapter, unless the context otherwise requires:(1) “Deductible” means the total deductible for an eligible individual and all the dependents of that eligible individual for a calendar year;(2) “Dependent” means the spouse or child of the eligible individual as…

(a) For taxable years beginning after 2007, contributions may be made into a health savings account by or on behalf of a resident of Tennessee, pursuant to § 67-10-102. (b) Except as provided in § 67-10-105, principal contributed to and interest earned on a health savings account…

The trustee or custodian shall utilize the funds held in a health savings account solely for the purpose of paying the qualified medical expenses of the eligible individual or the individual's dependents, or to purchase a health coverage policy certificate, or contract, if the el…

(a) Notwithstanding subsections (c), (d), (e), or (f), an eligible individual may withdraw money from the individual's health savings account for any purpose other than a purpose described in § 67-10-104. (b) Subject to subsection (c), if the eligible individual withdraws money f…

The United States department of treasury may make cost of living adjustments to dollar amounts for requirements for deductibles and out-of-pocket expenses in accordance with § 223 of the Internal Revenue Code (26 U.S.C § 223). If such adjustments are made, then the corresponding …

The commissioner of revenue is authorized to promulgate rules and regulations to effectuate the purposes of this chapter. All such rules and regulations shall be promulgated in accordance with the Uniform Administrative Procedures Act, compiled in title 4, chapter 5.