(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.
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Terms Used In Tennessee Code 67-10-103

  • account: means a trust or custodian established pursuant to a health savings account program exclusively to pay the qualified medical expenses of an eligible individual or the individual's dependents, but only if the written governing instrument creating the account meets the following requirements:
    (A) Except in the case of a rollover contribution, no contribution shall be accepted:
    (i) Unless it is in cash. See Tennessee Code 67-10-102
  • Eligible individual: means the individual taxpayer, including employees of an employer who contributes to health savings accounts on the employees' behalf, who:
    (A) Must be covered by a high deductible health plan individually or with the individual's dependent. See Tennessee Code 67-10-102
(b) Except as provided in § 67-10-105, principal contributed to and interest earned on a health savings account and money reimbursed to an eligible individual or an employee for qualified medical expenses are exempt from taxation under chapter 2 of this title.
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