A bill relating to the treatment of certain rentals of farm and business real property for purposes of section 2032A of the Internal Revenue Code of 1954.

Allows the special use valuation of farms and business real property for estate tax purposes for real property which is put to any use by a qualified heir pursuant to a rental by such heir. Revises rules for the revocation of an election to use such valuation. Extends the period for making a credit or refund as a result of this provision to one year after the date of enactment of this Act.