TOP ESTATE AND GIFT TAX RATES MADE PERMANENT.

SEC. 13208. TOP ESTATE AND GIFT TAX RATES MADE PERMANENT. (a) General Rule.— The table contained in paragraph (1) of section 2001(c) is amended by striking the last item and inserting the following new items: Over $2,500,000 but not over $3,000,000 $1,025,800, plus 53% of the excess over $2,500,000. Over $3,000,000 $1,290,800, plus 55% of the excess over $3,000,000.” (b) Conforming Amendments.— (1) Subsection (c) of section 2001 is amended by striking paragraph (2) and by redesignating paragraph (3) as paragraph (2). (2) Paragraph (2) of section 2001(c), as redesignated by paragraph (1), is amended by striking “($18,340,000 in the case of decedents dying, and gins made, after 1992)”. (3) The last sentence of section 2101(b) is amended by striking “section 2001(c)(3)” and inserting “section 2001(c)(2)”. (c) Effective Date.— The amendments made by this section shall apply in the case of decedents dying and gifts made after December 31, 1992.