A bill to amend the Internal Revenue Code of 1954 to provide qualified use valuations for certain real property acquired by any individual from a decedent and to prevent acceleration of estate tax payments.

Amends the Internal Revenue Code to modify the alternate extension of time for payment of the estate tax for an estate consisting of a closely held business to provide that subsequent transfers of property by reason of the death of a person who acquired the property through the decedent's estate will not accelerate payment of the tax.