A bill to amend the Internal Revenue Code of 1954 to increase the amount of the estate tax exemption from $60,000 to $200,000 and to increase the estate tax marital deduction.

Amends the Internal Revenue Code to increase the amount of the estate tax exemption from $60,000 to $200,000. Increases the estate tax marital deduction to allow an aggregate deduction not to exceed $200,000 plus 50 percent of the value of the adjusted gross estate.