A bill relating to the income tax treatment of certain expenses of the estate of a decedent.

[AI summary unavailable — showing source text] Provides, under the Internal Revenue Code, that specified deductions allowed on a decedent's estate shall not be permitted as an offset against the sale price of property in determining gain or loss. Allows such offset if the taxpayer files with the Secretary of the Treasury a statement that such specified deductions have not been taken and a waiver of all rights thereto.…