Amends the Internal Revenue Code to allow estates required to file estate tax returns before July 13, 1978, to elect the special use valuation of certain farms and other real property within 90 days after the date of the enactment of this Act.
Applies the provisions of this Act to estates of decedents dying after December 31, 1976.
Referred to Subcommittee on Select Revenue Measures.
Introduced in Senate
Read second time and referred to Senate Committee on Finance.
Committee on Finance requested executive comment from OMB; Treasury Department; Agriculture Department.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line