A bill to amend the Internal Revenue Code of 1954 to release the lien for the estate tax on property which is transferred by the executor to a purchaser or holder of a security interest.

Authorizes, under the estate tax provisions of the Internal Revenue Code, an executor of an estate to transfer any property of the estate to a purchaser or holder of a security interest free of any prior attached lien. Stipulates that such lien shall then attach to the proceeds from such transfer.