A bill to amend the Internal Revenue Code of 1954 to increase the exemption for purposes of the Federal estate tax, to provide for installment payments of the estate tax in the case of certain small estates.

[AI summary unavailable — showing source text] Increases to $150,000 (presently $60,000) the exemption for purposes of the Federal estate tax under the Internal Revenue Code. Provides that in the case of estates whose value is under $300,000, the executor may elect to pay part or all of the tax in installments over a period of ten years.…