INTRODUCTION ...

CONTENTS

I. SUMMARY OF THE BILLS .......

II. DESCRIPTION OF S. 353: EDUCATIONAL SAVINGS BONDS.........

III. DESCRIPTION OF S. 442: VALUE ADDED TAX..

A. Description of Tax Provisions.

B. Allocation of Revenues from Value Added Tax

C. Analysis of Specific Issues

Page

1

2

4

6

669

IV. DESCRIPTION OF S. 659, S. 838, AND S. 849: ESTATE TAX

INCLUSION RELATED TO VALUATION FREEZES ...

V. DESCRIPTION OF S. 800: MORATORIUM ON CERTAIN STATE

TAX LAWS

(III)

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