Deincrease in estate and gift tax exemption

(a) In general Section 2010(c)(3) of the Internal Revenue Code of 1986 is amended— (1) in subparagraph (A), by striking $15,000,000 and inserting $7,000,000, and (2) in subparagraph (B)— (A) by striking 2011 and inserting 2026, and (B) in clause (ii), by striking 2010 and inserting 2025. (b) Effective date The amendments made by this section shall apply to estates of decedents dying and gifts made after December 31, 2025.