A bill to amend the Internal Revenue Code of 1954 to provide rules for Federal estate taxation more equitable than those presently in effect.

[AI summary unavailable — showing source text] Allows an estate tax credit of $25,000 under the Internal Revenue Code. Authorizes the executor of an estate to elect an additional credit of $15,000 if 65 percent or more of the value of the adjusted gross estate is attributable to a qualifying small business. Reduces the additional credit by 15 percent of the amount by which the value of the taxable estate exceeds $300,000. Defines the terms used in this Act. Makes technical and conforming amendments.…