A bill to amend the Internal Revenue Code of 1954 to provide that the special valuation of certain farm, etc., real property for estate tax purposes shall apply to certain property acquired as a result of an involuntary conversion occurring within 5 years before the decedent's death.

Amends the Internal Revenue Code to provide that if an estate has met the ownership and material participation requirements for the special estate tax valuation for farms and other real property based on use and the property is involuntarily converted within five years before decedent's death, such requirements shall be treated as fulfilled as to any qualified replacement property.