TBA Law Blog


Posted by: Katharine Heriges on Mar 28, 2017

TBA-backed HB 567 has passed through its final House committee and is ready to be scheduled for a House floor vote. That is expected no later than next week. The legislation, sponsored by Rep. Pat Marsh, R-Shelbyville, is referred to as the Probate Omnibus Bill. It will update the Tennessee Code to reflect the elimination of the inheritance and estate tax. Two amendments are traveling with the legislation, deleting sections to avoid any negative impact to court orders on bank accounts, land titles and insurance policies. The companion bill, SB 769, sponsored by Sen. John Stevens, R-Huntingdon, is expected to go before the Senate Judiciary committee as soon as next week.