Historic Structure Valuation Act

[AI summary unavailable — showing source text] Historic Structure Valuation Act - Amends the Internal Revenue Code to provide that the value of any certified historic structure includible in the gross estate of the decedent shall be its historic use value. Defines "historic use value" as the value of the certified historic structure subject to any perpetual historic preservation easement. Requires that the election for the special valuation treatment must be made by the time prescribed for filing the tax return. Allows the executor of an estate to elect to pay all or part of the estate tax due in two or more equal installments (not to exceed 15) if the value of the certified historic structure included in the gross estate of the decedent exceeds 35 percent of the adjusted gross estate. Permits the annual payment of such installments. Limits the amount of the tax which may be paid in installments. Provides that if a deficiency has been assessed, the deficiency shall be prorated to the installments payable. Requires the interest due on any unpaid portion of the estate tax to be paid annually at the the same time as each installment payment. Requires the accelerated payment of any unpaid portion of the estate tax subject to this e…