Swift was also nominated for Female Vocalist of the Year, Album of the Year (for "Red"), and picked up a trio of nominations for her "Highway Don't Care" collaboration with Tim McGraw and Keith Urban.
Swift will have to share the spotlight with newcomer Kacey Musgraves, who tallied six nominations as well. The Mercury recording artist was nominated for Female Vocalist of the Year, New Artist of the Year, Album of the Year (for "Same Trailer Different Park"), Single of the Year (for "Merry Go 'Round") and picked up a pair of nods in the Song of the Year category for "Merry Go 'Round," as well as "Mama's Broken Heart," which she co-wrote for Miranda Lambert.
Tallying five nominations was Warner Brothers' Blake Shelton -- who has a chance to repeat last years' win for Entertainer of the Year. He also received nods for Male Vocalist, Album, Video, and Vocal Event, with the last two nominations coming for his "Boys' Round Here" single with the Pistol Annies – a group that includes wife Lambert.
The nominations were announced by Sheryl Crow and Florida Georgia Line -- who saw their name announced four times -- for New Artist of the Year, Vocal Duo of the Year, Single of the Year (for "Cruise"), and Vocal Event of the Year for their remix of "Cruise" with Nelly.
"A lot of cool things have happened, and we're very blessed," Florida Georgia Line's Tyler Hubbard told Billboard following the nominations announcement. "We're hoping to work even harder next year, and keep this thing going."
Besides Nelly, another unlikely nominee this year was the legendary Bob Dylan, who received his first-ever CMA nomination in the Song of the Year category for "Wagon Wheel," which became a hit this year for Darius Rucker.
Keith Urban -- who releases his new album "Fuse" today, finished with four nominations, while reigning CMA Female Vocalist of the Year Miranda Lambert, Jason Aldean, Luke Bryan, Carrie Underwood, Little Big Town, and Tim McGraw all received three. Having their name called twice during the morning were the Pistol Annies, Eric Church, Kelly Clarkson, and Lady Antebellum.
The 47th Annual Country Music Association Awards will be broadcast live from Bridgestone Arena in Nashville on Wednesday, November 6, on the ABC Television Network. Underwood will co-host the telecast with Brad Paisley -- marking the sixth straight year for the duo to emcee the event.