A bill to amend the Internal Revenue Code of 1954 to increase the exemption for purposes of the Federal estate tax and to increase the estate tax marital deduction.

Increases the value of exemptions for taxable estates under the Internal Revenue Code from $60,000 to $200,000 of the value of the gross estate.

Increases the limitation on the aggregate marital deduction to 50 percent of the adjusted gross value of the estate, plus $100,000.