A bill to amend the Internal Revenue Code of 1954 to extend for 2 years the period during which governing instruments may be amended to meet the requirements for a gift of a split interest to charity.

Amends the Internal Revenue Code, with respect to allowable deductions from a decedent's gross estate of transfers for public, charitable, and religious uses, to extend through December 31, 1980, the period during which governing instruments may be amended to meet the requirements for a gift of a split interest to charity.