Tennessee’s inheritance tax is also going away. The tax was anywhere from 5.5 to 9.5 percent of the estate left behind.
The Beacon Center of Tennessee fought the inheritance tax for years as an unfair double tax.
“This is a big deal because Tennessee is one of the last states in the country to come around and say it’s not fair to tax people when they are alive and tax them again when they die,” said Mark Cunningham with the Beacon Center. “A lot of people save up and work hard, and they want the money to go to their family, not to the government.”
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