A bill relating to the effective date of the change made by section 421 of the Economic Recovery Tax Act of 1981 in the definition of family members for purposes of the estate tax special valuation of farm, etc., real property.

[AI summary unavailable — showing source text] Amends the Economic Recovery Tax Act of 1981 to allow the executor of an estate to elect to have provisions apply which redefine "family member" for purposes of the special valuation of farms based on use, in the case of decedents dying after August 13, 1981, and before January 1, 1982.…