A bill to amend the Internal Revenue Code of 1954 to provide qualified use valuations for certain real property acquired by any individual from a decedent and to prevent acceleration of estate tax payments.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to modify the alternate extension of time for payment of the estate tax for an estate consisting of a closely held business to provide that subsequent transfers of property by reason of the death of a person who acquired the property through the decedent's estate will not accelerate payment of the tax.…