CLARIFICATION OF AVAILABILITY OF INSTALLMENT PAYMENT.

SEC. 573. CLARIFICATION OF AVAILABILITY OF INSTALLMENT PAYMENT. (a) In General.—Subparagraph (B) of section 6166(b)(8) (relating to all stock must be non-readily-tradable stock) is amended to read as follows: “(B) All stock must be non-readily-tradable stock.— “(i) In general.—No stock shall be taken into account for purposes of applying this paragraph unless it is non-readily-tradable stock (within the meaning of paragraph (7)(B)). “(ii) Special application where only holding company stock is non-readily-tradable stock.—If the requirements of clause (i) are not met, but all of the stock of each holding company taken into account is non-readily-tradable, then this paragraph shall apply, but subsection (a)(1) shall be applied by substituting ‘5’ for ‘10’.”. (b) Effective Date.—The amendment made by this section shall apply to estates of decedents dying after December 31, 2001.