A bill to amend the Internal Revenue Code of 1954 to extend certain transitional rules for allowing a charitable contribution deduction for purposes of the estate tax in the case of bequests or transfers of certain charitable remainders.

Extends, under the Internal Revenue Code of 1954, specified transitional rules for allowing a charitable contribution deduction for purposes of the estate tax in the case of bequests or transfers of specified charitable remainders. (Adds 26 U.S.C. 2055 (e) (3))