,i  #aad? ,,congress  #b;d ,session  ,h4
 ,r4 #diif  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,april #bj1 #bjaf ,mr4
 ,lev9 7= himself1 ,mr4 ,rangel1 ,mr4   
,blum5au]1 ,mr4 ,van ,holl51 ,mr4       
,cr[ley1 ,mr4 ,pascrell1 ,mr4 ,neal1    
,mr4 ,hoy]1 & ,mr4 ,l>son (             
,connecticut7 introduc$ ! foll[+ bill2  
:i* 0 ref]r$ to ! ,committee on ,ways & 
,means  ,a ,,bill  ,to am5d ! ,int]nal  
,rev5ue ,code ( #aihf to return ! e/ate1
 gift1 & g5]ation skipp+ transf] tax to 
#bjji levels4  #a4 ,%ort title ,?is ,act
 may be cit$ z ! ,s5sible ,e/ate ,tax   
,act ( #bjaf4  #b4 ,e/ate & gift tax    
return$ to #bjji levels  7a7 ,e/ate tax 
7#a7 ,rate ,s*$ule ,subsection 7c7 (    
section #bjja ( ! ,int]nal ,rev5ue ,code
 ( #aihf is am5d$ to read z foll[s3  7c7
 ,rate ,s*$ule  ,if ! am\nt ) respect to
  :i* ! t5tative  tax to be comput$     
is3,! t5tative tax is3,n ov] #aj1jjjah (
 su* am\nt4,ov] #aj1jjj b n ov]         
#bj1jjja1hjj1 plus #bj p]c5t ( ! excess 
( su* am\nt ov] #aj1jjj4,ov] #bj1jjj b n

 ov] #dj1jjjc1hjj1 plus #bb ( ! excess (
 su* am\nt ov] #bj1jjj4 ,ov] #dj1jjj b n
 ov] #fj1jjjh1bjj1 plus #bd ( ! excess (
 su* am\nt ov] #dj1jjj4,ov] #fj1jjj b n 
ov] #hj1jjjac1jjj1 plus #bf ( ! excess (
 su* am\nt ov] #fj1jjj4,ov] #hj1jjj b n 
ov] #ajj1jjjah1bjj1 plus #bh ( ! excess 
( su* am\nt ov] #hj1jjj4,ov] #ajj1jjj b 
n ov] #aej1jjjbc1hjj1 plus #cj ( !      
excess ( su* am\nt ov] #ajj1jjj4,ov]    
#aej1jjj b n ov] #bej1jjjch1hjj1 plus   
#cb ( ! excess ( su* am\nt ov]          
#aej1jjj4,ov] #bej1jjj b n ov]          
#ejj1jjjgj1hjj1 plus #cd ( ! excess (   
su* am\nt ov] #bej1jjj4,ov] #ejj1jjj b n
 ov] #gej1jjjaee1hjj1 plus #cg ( !      
excess ( su* am\nt ov] #ejj1jjj4,ov]    
#gej1jjj b n ov] #a1jjj1jjjbdh1cjj1 plus
 #ci ( ! excess ( su* am\nt ov]         
#gej1jjj4,ov] #a1jjj1jjj b n ov]        
#a1bej1jjjcde1hjj1 plus #da ( ! excess (
 su* am\nt ov] #a1jjj1jjj4,ov]          
#a1bej1jjj b n ov] #a1ejj1jjjddh1cjj1   
plus #dc ( ! excess ( su* am\nt ov]     
#a1bej1jjj4,ov] #a1ejj1jjjeee1hjj1 plus 

#de ( ! excess ( su* am\nt ov]          
#a1ejj1jjj4  4  7#b7 ,exemption ,am\nt  
,p>agraph 7#c7 ( section #bjaj7;c7 ( su*
 ,code is am5d$ to read z foll[s3  7#c7 
,basic exclusion am\nt ,= purposes ( ?is
 subsection1 ! basic exclusion am\nt is 
#c1ejj1jjj4  4  7b7 ,gift tax  7#a7     
,limitation on basic exclusion am\nt =  
purposes ( det]m9+ applicable cr$it     
am\nt ,p>agraph 7#a7 ( section #beje7;a7
 ( ! ,int]nal ,rev5ue ,code ( #aihf is  
am5d$ by ins]t+ 7det]m9$ z if ! basic   
exclusion am\nt 7 #a1jjj1jjj & ! deceas$
 sp\sal unus$ exclusion am\nt 0 modifi$ 
"u subsection 7d77 aft] cal5d> ye>4     
7#b7 ,modification ( deceas$ sp\sal     
unus$ exclusion am\nt ,section #beje (  
su* ,code is am5d$ by add+ at ! end !   
foll[+3  7d7 ,modification ( deceas$    
sp\sal unus$ exclusion am\nt ,9 ! case (
 a surviv+ sp\se :o is ! la/ sp\se ( !  
dec$5t ) respect to :om an election is  
made "u section #bjaj7;c77#e71 ! deceas$
 sp\sal unus$ exclusion am\nt ) respect 
to su* surviv+ sp\se %all be det]m9$ z  

if su* am\nt 7 ! less] (--  7#a7        
#a1jjj1jjj1 &  7#b7 applicable exclusion
 am\nt ( ! dec$5t r$uc$ by ! am\nt )    
respect to :i* ! t5tative tax is det]m9$
 "u section #bjja7;b77#a7 on ! e/ate ( !
 dec$5t4  4  7c7 ,effective date ,!     
am5dm5ts made by ?is section %all apply 
to e/ates ( dec$5ts dy+ & gifts made    
aft] ,decemb] #ca1 #bjaf4