,i  #aae? ,,congress  #b;d ,session  ,h4
 ,r4 #fbbh  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,june #bf1 #bjah,mr4  
,m>*ant introduc$ ! foll[+ bill2 :i* 0  
ref]r$ to ! ,committee on ,ways & ,means
  ,a ,,bill  ,to am5d ! ,int]nal ,rev5ue
 ,code ( #aihf to make p]man5t !        
increase 9 ! e/ate & gift tax exemption 
made by ,public ,law #aae-ig4  #a4      
,increase 9 e/ate & gift tax exemption  
made p]man5t  7a7 ,9 g5]al ,section     
#bjaj7;c77#c7 ( ! ,int]nal ,rev5ue ,code
 ( #aihf is am5d$ 9 subp>agraph 7,a71 by
 /rik+ #e1jjj1jjj & ins]t+ #aj1jjj1jjj4 
7b7 ,con=m+ am5dm5ts  7#a7 ,section     
#bjja7;g7 ( su* ,code is am5d$ to read z
 foll[s3  7g7 ,modifications to gift tax
 payable ,to reflect diff]5t tax rates  
,= purposes ( apply+ subsection 7b77#b7 
) respect to #a or m gifts1 ! rates (   
tax "u subsection 7c7 9 effect at !     
dec$5t's dea? %all1 9 lieu ( ! rates (  
tax 9 effect at ! "t ( su* gifts1 be us$
 bo? to compute--  7#a7 ! tax impos$ by 
*apt] #ab ) respect to su* gifts1 &     

7#b7 ! cr$it all[$ aga9/ su* tax "u     
section #beje1 includ+ 9 comput+--  7,a7
 ! applicable cr$it am\nt "u section    
#beje7;a77#a71 &  7,b7 ! sum ( ! am\nts 
all[$ z a cr$it = all prec$+ p]iods "u  
section #beje7;a77#b74  4  7#b7 ,section
 #bjaj7;c77#c7 ( su* ,code is am5d$ by  
/rik+ subp>agraph 7,c74  7c7 ,effective 
date ,! am5dm5ts made by ?is section    
%all apply to e/ates ( dec$5ts dy+ &    
gifts made aft] ,decemb] #ca1 #bjag4