A bill to amend the Internal Revenue Code of 1986 to clarify the special estate tax valuation rules.

Amends estate tax provisions of the Internal Revenue Code to: (1) permit use valuation of farmland and other real property even if a person other than the decedent or family member was using the property for a qualified use on the date of the decedent's death; and (2) disallow the imposition of additional estate tax if any member of the qualified heir's family (currently it must be the heir) continues to use the property for a qualified use.

Applies these provisions retroactively in connection with the estates of decedents dying after 1976.