SECTION 1. SHORT TITLE; RECONCILIATION OF FUNDS; 
TABLE OF CONTENTS. 
(a) SHORT TITLE.—This Act may be cited as the 
‘‘Highway and Transportation Funding Act of 2015, Part 
II’’. 
(b) RECONCILIATION OF FUNDS.—The Secretary of 
Transportation shall reduce the amount apportioned or al-
located for a program, project, or activity under this Act 
in fiscal year 2015 by amounts apportioned or allocated 
pursuant to the Highway and Transportation Funding Act 
of 2014 and the Highway and Transportation Funding 
Act of 2015, including the amendments made by such 
Acts, for the period beginning on October 1, 2014, and 
ending on July 31, 2015. 
(c) TABLE OF CONTENTS.—The table of contents for 
this Act is as follows: 
Sec. 1. Short title; reconciliation of funds; table of contents. 
TITLE I—SURFACE TRANSPORTATION PROGRAM EXTENSION 
Subtitle A—Federal-Aid Highways 
Sec. 1001. Extension of Federal-aid highway programs. 
Sec. 1002. Administrative expenses. 
Subtitle B—Extension of Highway Safety Programs 
Sec. 1101. Extension of National Highway Traffic Safety Administration high-
way safety programs. 
Sec. 1102. Extension of Federal Motor Carrier Safety Administration pro-
grams. 
Sec. 1103. Dingell-Johnson Sport Fish Restoration Act. 
Subtitle C—Public Transportation Programs 
Sec. 1201. Formula grants for rural areas. 
Sec. 1202. Apportionment of appropriations for formula grants. 
Sec. 1203. Authorizations for public transportation.
Sec. 1204. Bus and bus facilities formula grants. 
Subtitle D—Hazardous Materials 
Sec. 1301. Authorization of appropriations. 
TITLE II—REVENUE PROVISIONS 
Sec. 2001. Extension of Highway Trust Fund expenditure authority. 
Sec. 2002. Funding of Highway Trust Fund. 
Sec. 2003. Modification of mortgage reporting requirements. 
Sec. 2004. Consistent basis reporting between estate and person acquiring 
property from decedent. 
Sec. 2005. Clarification of 6-year statute of limitations in case of overstatement 
of basis. 
Sec. 2006. Tax return due dates. 
Sec. 2007. Transfers of excess pension assets to retiree health accounts. 
Sec. 2008. Equalization of Highway Trust Fund excise taxes on liquefied nat-
ural gas, liquefied petroleum gas, and compressed natural gas. 
TITLE III—ADDITIONAL PROVISIONS 
Sec. 3001. Service fees. 
TITLE I—SURFACE TRANSPOR-
TATION 
PROGRAM 
EXTEN-
SION 
Subtitle A—Federal-Aid Highways 
SEC. 1001. EXTENSION OF FEDERAL-AID HIGHWAY PRO-
GRAMS. 
(a) IN GENERAL.—Section 1001(a) of the Highway 
and Transportation Funding Act of 2014 (128 Stat. 
1840) is amended by striking ‘‘July 31, 2015’’ and insert-
ing ‘‘December 18, 2015’’. 
(b) AUTHORIZATION OF APPROPRIATIONS.— 
(1) 
HIGHWAY
TRUST
FUND.—Section 
1001(b)(1) of the Highway and Transportation 
Funding Act of 2014 (128 Stat. 1840) is amended 
to read as follows:
‘‘(1) HIGHWAY TRUST FUND.—Except as pro-
vided in section 1002, there is authorized to be ap-
propriated out of the Highway Trust Fund (other 
than the Mass Transit Account)— 
‘‘(A) for fiscal year 2015, a sum equal to 
the total amount authorized to be appropriated 
out of the Highway Trust Fund (other than the 
Mass Transit Account) for programs, projects, 
and activities for fiscal year 2014 under divi-
sions A and E of MAP–21 (Public Law 112– 
141) and title 23, United States Code (exclud-
ing chapter 4 of that title); and 
‘‘(B) for the period beginning on October 
1, 2015, and ending on December 18, 2015, 
79⁄366 of the total amount authorized to be ap-
propriated out of the Highway Trust Fund 
(other than the Mass Transit Account) for pro-
grams, projects, and activities for fiscal year 
2015 under divisions A and E of MAP–21 
(Public Law 112–141) and title 23, United 
States Code (excluding chapter 4 of that 
title).’’. 
(2) GENERAL
FUND.—Section 1123(h)(1) of 
MAP–21 (23 U.S.C. 202 note) is amended by strik-
ing ‘‘each of fiscal years 2013 and 2014 and
$24,986,301 out of the general fund of the Treasury 
to carry out the program for the period beginning on 
October 1, 2014, and ending on July 31, 2015’’ and 
inserting ‘‘each of fiscal years 2013 through 2015 
and $6,475,410 out of the general fund of the 
Treasury to carry out the program for the period be-
ginning on October 1, 2015, and ending on Decem-
ber 18, 2015’’. 
(c) USE OF FUNDS.— 
(1) IN
GENERAL.—Section 1001(c)(1) of the 
Highway and Transportation Funding Act of 2014 
(128 Stat. 1840) is amended by striking ‘‘(1) IN 
GENERAL.—’’ and all that follows through ‘‘to carry 
out programs’’ and inserting the following: 
‘‘(1) IN
GENERAL.—Except as otherwise ex-
pressly provided in this subtitle, funds authorized to 
be appropriated under subsection (b)(1)— 
‘‘(A) for fiscal year 2015 shall be distrib-
uted, administered, limited, and made available 
for obligation in the same manner and at the 
same levels as the amounts of funds authorized 
to be appropriated out of the Highway Trust 
Fund (other than the Mass Transit Account) 
for fiscal year 2014; and
‘‘(B) for the period beginning on October 
1, 2015, and ending on December 18, 2015, 
shall be distributed, administered, limited, and 
made available for obligation in the same man-
ner and at the same levels as 79⁄366 of the 
amounts of funds authorized to be appropriated 
out of the Highway Trust Fund (other than the 
Mass Transit Account) for fiscal year 2015, 
to carry out programs’’. 
(2) OBLIGATION
CEILING.—Section 1102 of 
MAP–21 (23 U.S.C. 104 note) is amended— 
(A) in subsection (a)— 
(i) by striking ‘‘and’’ at the end of 
paragraph (2); and 
(ii) by striking paragraph (3) and in-
serting the following: 
‘‘(3) $40,256,000,000 for fiscal year 2015; and 
‘‘(4) $8,689,136,612 for the period beginning 
on October 1, 2015, and ending on December 18, 
2015.’’; 
(B) in subsection (b)(12)— 
(i) by striking ‘‘each of fiscal years 
2013 through 2014’’ and inserting ‘‘each 
of fiscal years 2013 through 2015’’; and
(ii) by striking ‘‘, and for the period 
beginning on October 1, 2014, and ending 
on July 31, 2015, only in an amount equal 
to $639,000,000, less any reductions that 
would have otherwise been required for 
that year by section 251A of the Balanced 
Budget and Emergency Deficit Control Act 
of 1985 (2 U.S.C. 901a), then multiplied 
by 304⁄365 for that period’’ and inserting ‘‘, 
and for the period beginning on October 1, 
2015, and ending on December 18, 2015, 
only in an amount equal to $639,000,000, 
less any reductions that would have other-
wise been required for that year by section 
251A of the Balanced Budget and Emer-
gency Deficit Control Act of 1985 (2 
U.S.C. 901a), then multiplied by 79⁄366 for 
that period’’; 
(C) in subsection (c)— 
(i) in the matter preceding paragraph 
(1) by striking ‘‘each of fiscal years 2013 
through 2014 and for the period beginning 
on October 1, 2014, and ending on July 
31, 2015’’ and inserting ‘‘each of fiscal 
years 2013 through 2015 and for the pe-
riod beginning on October 1, 2015, and 
ending on December 18, 2015’’; and 
(ii) in paragraph (2) in the matter 
preceding subparagraph (A) by striking 
‘‘for the period beginning on October 1, 
2014, and ending on July 31, 2015, that 
is equal to 304⁄365 of such unobligated bal-
ance’’ and inserting ‘‘for the period begin-
ning on October 1, 2015, and ending on 
December 18, 2015, that is equal to 79⁄366 
of such unobligated balance’’; 
(D) in subsection (d) in the matter pre-
ceding paragraph (1) by striking ‘‘2015’’ and 
inserting ‘‘2016’’; and 
(E) in subsection (f)(1) in the matter pre-
ceding subparagraph (A) by striking ‘‘each of 
fiscal years 2013 through 2014 and for the pe-
riod beginning on October 1, 2014, and ending 
on July 31, 2015’’ and inserting ‘‘each of fiscal 
years 2013 through 2015 and for the period be-
ginning on October 1, 2015, and ending on De-
cember 18, 2015’’. 
SEC. 1002. ADMINISTRATIVE EXPENSES. 
Section 1002 of the Highway and Transportation 
Funding Act of 2014 (128 Stat. 1842) is amended—
(1) in subsection (a) by striking ‘‘for adminis-
trative expenses of the Federal-aid highway program 
$366,465,753 for the period beginning on October 1, 
2014, and ending on July 31, 2015.’’ and inserting 
‘‘for administrative expenses of the Federal-aid high-
way program— 
‘‘(1) $440,000,000 for fiscal year 2015; and 
‘‘(2) $94,972,678 for the period beginning on 
October 1, 2015, and ending on December 18, 
2015.’’; and 
(2) by striking subsection (b)(2) and inserting 
the following: 
‘‘(2) for fiscal year 2015 and for the period be-
ginning on October 1, 2015, and ending on Decem-
ber 18, 2015, subject to the limitations on adminis-
trative expenses under the heading ‘Federal High-
way Administration’ in appropriations Acts that 
apply, respectively, to that fiscal year and period.’’. 
Subtitle B—Extension of Highway 
Safety Programs 
SEC. 1101. EXTENSION OF NATIONAL HIGHWAY TRAFFIC 
SAFETY ADMINISTRATION HIGHWAY SAFETY 
PROGRAMS. 
(a) EXTENSION OF PROGRAMS.—
(1) HIGHWAY
SAFETY
PROGRAMS.—Section 
31101(a)(1) of MAP–21 (126 Stat. 733) is amend-
ed— 
(A) by striking ‘‘and’’ at the end of sub-
paragraph (B); and 
(B) by striking subparagraph (C) and in-
serting the following: 
‘‘(C) $235,000,000 for fiscal year 2015; 
and 
‘‘(D) $50,724,044 for the period beginning 
on October 1, 2015, and ending on December 
18, 2015.’’. 
(2) HIGHWAY SAFETY RESEARCH AND DEVEL-
OPMENT.—Section 31101(a)(2) of MAP–21 (126 
Stat. 733) is amended— 
(A) by striking ‘‘and’’ at the end of sub-
paragraph (B); and 
(B) by striking subparagraph (C) and in-
serting the following: 
‘‘(C) $113,500,000 for fiscal year 2015; 
and 
‘‘(D) $24,498,634 for the period beginning 
on October 1, 2015, and ending on December 
18, 2015.’’.
(3) NATIONAL PRIORITY SAFETY PROGRAMS.— 
Section 31101(a)(3) of MAP–21 (126 Stat. 733) is 
amended— 
(A) by striking ‘‘and’’ at the end of sub-
paragraph (B); and 
(B) by striking subparagraph (C) and in-
serting the following: 
‘‘(C) $272,000,000 for fiscal year 2015; 
and 
‘‘(D) $58,710,383 for the period beginning 
on October 1, 2015, and ending on December 
18, 2015.’’. 
(4) NATIONAL
DRIVER
REGISTER.—Section 
31101(a)(4) of MAP–21 (126 Stat. 733) is amend-
ed— 
(A) by striking ‘‘and’’ at the end of sub-
paragraph (B); and 
(B) by striking subparagraph (C) and in-
serting the following: 
‘‘(C) $5,000,000 for fiscal year 2015; and 
‘‘(D) $1,079,235 for the period beginning 
on October 1, 2015, and ending on December 
18, 2015.’’. 
(5) HIGH
VISIBILITY
ENFORCEMENT
PRO-
GRAM.—
(A) 
AUTHORIZATION
OF
APPROPRIA-
TIONS.—Section 31101(a)(5) of MAP–21 (126 
Stat. 733) is amended— 
(i) by striking ‘‘and’’ at the end of 
subparagraph (B); and 
(ii) by striking subparagraph (C) and 
inserting the following: 
‘‘(C) $29,000,000 for fiscal year 2015; and 
‘‘(D) $6,259,563 for the period beginning 
on October 1, 2015, and ending on December 
18, 2015.’’. 
(B) LAW
ENFORCEMENT
CAMPAIGNS.— 
Section 2009(a) of SAFETEA–LU (23 U.S.C. 
402 note) is amended— 
(i) in the first sentence by striking 
‘‘each of fiscal years 2013 and 2014 and 
in the period beginning on October 1, 
2014, and ending on July 31, 2015’’ and 
inserting ‘‘each of fiscal years 2013 
through 2015 and in the period beginning 
on October 1, 2015, and ending on Decem-
ber 18, 2015’’; and 
(ii) in the second sentence by striking 
‘‘each of fiscal years 2013 and 2014 and 
in the period beginning on October 1,
2014, and ending on July 31, 2015,’’ and 
inserting ‘‘each of fiscal years 2013 
through 2015 and in the period beginning 
on October 1, 2015, and ending on Decem-
ber 18, 2015,’’. 
(6) 
ADMINISTRATIVE
EXPENSES.—Section 
31101(a)(6) of MAP–21 (126 Stat. 733) is amend-
ed— 
(A) by striking ‘‘and’’ at the end of sub-
paragraph (B); and 
(B) by striking subparagraph (C) and in-
serting the following: 
‘‘(C) $25,500,000 for fiscal year 2015; and 
‘‘(D) $5,504,098 for the period beginning 
on October 1, 2015, and ending on December 
18, 2015.’’. 
(b) COOPERATIVE RESEARCH AND EVALUATION.— 
Section 403(f)(1) of title 23, United States Code, is 
amended by striking ‘‘each fiscal year ending before Octo-
ber 1, 2014, and $2,082,192 of the total amount available 
for apportionment to the States for highway safety pro-
grams under section 402(c) in the period beginning on Oc-
tober 1, 2014, and ending on July 31, 2015,’’ and insert-
ing ‘‘each fiscal year ending before October 1, 2015, and 
$539,617 of the total amount available for apportionment
to the States for highway safety programs under section 
402(c) in the period beginning on October 1, 2015, and 
ending on December 18, 2015,’’. 
(c) APPLICABILITY OF TITLE 23.—Section 31101(c) 
of MAP–21 (126 Stat. 733) is amended by striking ‘‘fiscal 
years 2013 and 2014 and for the period beginning on Oc-
tober 1, 2014, and ending on July 31, 2015,’’ and insert-
ing ‘‘each of fiscal years 2013 through 2015 and for the 
period beginning on October 1, 2015, and ending on De-
cember 18, 2015,’’. 
SEC. 1102. EXTENSION OF FEDERAL MOTOR CARRIER SAFE-
TY ADMINISTRATION PROGRAMS. 
(a) MOTOR
CARRIER
SAFETY
GRANTS.—Section 
31104(a) of title 49, United States Code, is amended— 
(1) by striking ‘‘and’’ at the end of paragraph 
(9); and 
(2) by striking paragraph (10) and inserting 
the following: 
‘‘(10) $218,000,000 for fiscal year 2015; and 
‘‘(11) $47,054,645 for the period beginning on 
October 1, 2015, and ending on December 18, 
2015.’’. 
(b) 
ADMINISTRATIVE
EXPENSES.—Section 
31104(i)(1) of title 49, United States Code, is amended—
(1) by striking ‘‘and’’ at the end of subpara-
graph (I); and 
(2) by striking subparagraph (J) and inserting 
the following: 
‘‘(J) $259,000,000 for fiscal year 2015; 
and 
‘‘(K) $55,904,372 for the period beginning 
on October 1, 2015, and ending on December 
18, 2015.’’. 
(c) GRANT PROGRAMS.— 
(1) COMMERCIAL DRIVER’S LICENSE PROGRAM 
IMPROVEMENT
GRANTS.—Section 
4101(c)(1) 
of 
SAFETEA–LU (119 Stat. 1715) is amended by 
striking ‘‘each of fiscal years 2013 and 2014 and 
$24,986,301 for the period beginning on October 1, 
2014, and ending on July 31, 2015’’ and inserting 
‘‘each of fiscal years 2013 through 2015 and 
$6,475,410 for the period beginning on October 1, 
2015, and ending on December 18, 2015’’. 
(2) BORDER ENFORCEMENT GRANTS.—Section 
4101(c)(2) of SAFETEA–LU (119 Stat. 1715) is 
amended by striking ‘‘each of fiscal years 2013 and 
2014 and $26,652,055 for the period beginning on 
October 1, 2014, and ending on July 31, 2015’’ and 
inserting ‘‘each of fiscal years 2013 through 2015
and $6,907,104 for the period beginning on October 
1, 2015, and ending on December 18, 2015’’. 
(3) PERFORMANCE AND REGISTRATION INFOR-
MATION SYSTEM MANAGEMENT GRANT PROGRAM.— 
Section 4101(c)(3) of SAFETEA–LU (119 Stat. 
1715) is amended by striking ‘‘each of fiscal years 
2013 and 2014 and $4,164,384 for the period begin-
ning on October 1, 2014, and ending on July 31, 
2015’’ and inserting ‘‘each of fiscal years 2013 
through 2015 and $1,079,235 for the period begin-
ning on October 1, 2015, and ending on December 
18, 2015’’. 
(4) COMMERCIAL VEHICLE INFORMATION SYS-
TEMS
AND
NETWORKS
DEPLOYMENT
PROGRAM.— 
Section 4101(c)(4) of SAFETEA–LU (119 Stat. 
1715) is amended by striking ‘‘each of fiscal years 
2013 and 2014 and $20,821,918 for the period be-
ginning on October 1, 2014, and ending on July 31, 
2015’’ and inserting ‘‘each of fiscal years 2013 
through 2015 and $5,396,175 for the period begin-
ning on October 1, 2015, and ending on December 
18, 2015’’. 
(5) SAFETY
DATA
IMPROVEMENT
GRANTS.— 
Section 4101(c)(5) of SAFETEA–LU (119 Stat. 
1715) is amended by striking ‘‘each of fiscal years
2013 and 2014 and $2,498,630 for the period begin-
ning on October 1, 2014, and ending on July 31, 
2015’’ and inserting ‘‘each of fiscal years 2013 
through 2015 and $647,541 for the period begin-
ning on October 1, 2015, and ending on December 
18, 2015’’. 
(d) 
HIGH-PRIORITY
ACTIVITIES.—Section 
31104(k)(2) of title 49, United States Code, is amended 
by striking ‘‘each of fiscal years 2006 through 2014 and 
up to $12,493,151 for the period beginning on October 
1, 2014, and ending on July 31, 2015,’’ and inserting 
‘‘each of fiscal years 2006 through 2015 and up to 
$3,237,705 for the period beginning on October 1, 2015, 
and ending on December 18, 2015,’’. 
(e) 
NEW
ENTRANT
AUDITS.—Section 
31144(g)(5)(B) of title 49, United States Code, is amend-
ed by striking ‘‘per fiscal year and up to $26,652,055 for 
the period beginning on October 1, 2014, and ending on 
July 31, 2015,’’ and inserting ‘‘per fiscal year and up to 
$6,907,104 for the period beginning on October 1, 2015, 
and ending on December 18, 2015,’’. 
(f) OUTREACH AND EDUCATION.—Section 4127(e) of 
SAFETEA–LU (119 Stat. 1741) is amended by striking 
‘‘each of fiscal years 2013 and 2014 and $3,331,507 to 
the Federal Motor Carrier Safety Administration for the
period beginning on October 1, 2014, and ending on July 
31, 2015,’’ and inserting ‘‘each of fiscal years 2013 
through 2015 and $863,388 to the Federal Motor Carrier 
Safety Administration for the period beginning on October 
1, 2015, and ending on December 18, 2015,’’. 
(g) GRANT PROGRAM FOR COMMERCIAL MOTOR VE-
HICLE OPERATORS.—Section 4134(c) of SAFETEA–LU 
(49 U.S.C. 31301 note) is amended by striking ‘‘each of 
fiscal years 2005 through 2014 and $832,877 for the pe-
riod beginning on October 1, 2014, and ending on July 
31, 2015,’’ and inserting ‘‘each of fiscal years 2005 
through 2015 and $215,847 for the period beginning on 
October 1, 2015, and ending on December 18, 2015,’’. 
SEC. 1103. DINGELL-JOHNSON SPORT FISH RESTORATION 
ACT. 
Section 4 of the Dingell-Johnson Sport Fish Restora-
tion Act (16 U.S.C. 777c) is amended— 
(1) in subsection (a) in the matter preceding 
paragraph (1) by striking ‘‘each fiscal year through 
2014 and for the period beginning on October 1, 
2014, and ending on July 31, 2015’’ and inserting 
‘‘each fiscal year through 2015 and for the period 
beginning on October 1, 2015, and ending on De-
cember 18, 2015’’; and
(2) in subsection (b)(1)(A) by striking ‘‘for 
each fiscal year ending before October 1, 2014, and 
for the period beginning on October 1, 2014, and 
ending on July 31, 2015,’’ and inserting ‘‘for each 
fiscal year ending before October 1, 2015, and for 
the period beginning on October 1, 2015, and ending 
on December 18, 2015,’’. 
Subtitle C—Public Transportation 
Programs 
SEC. 1201. FORMULA GRANTS FOR RURAL AREAS. 
Section 5311(c)(1) of title 49, United States Code, 
is amended— 
(1) in subparagraph (A) by striking ‘‘for each 
fiscal year ending before October 1, 2014, and 
$4,164,384 for the period beginning on October 1, 
2014, and ending on July 31, 2015,’’ and inserting 
‘‘for each fiscal year ending before October 1, 2015, 
and $1,079,235 for the period beginning on October 
1, 2015, and ending on December 18, 2015,’’; and 
(2) in subparagraph (B) by striking ‘‘for each 
fiscal year ending before October 1, 2014, and 
$20,821,918 for the period beginning on October 1, 
2014, and ending on July 31, 2015,’’ and inserting 
‘‘for each fiscal year ending before October 1, 2015,
and $5,396,175 for the period beginning on October 
1, 2015, and ending on December 18, 2015,’’. 
SEC. 1202. APPORTIONMENT OF APPROPRIATIONS FOR 
FORMULA GRANTS. 
Section 5336(h)(1) of title 49, United States Code, 
is amended by striking ‘‘for each fiscal year ending before 
October 1, 2014, and $24,986,301 for the period begin-
ning on October 1, 2014, and ending on July 31, 2015,’’ 
and inserting ‘‘for each fiscal year ending before October 
1, 2015, and $6,475,410 for the period beginning on Octo-
ber 1, 2015, and ending on December 18, 2015,’’. 
SEC. 1203. AUTHORIZATIONS FOR PUBLIC TRANSPOR-
TATION. 
(a) FORMULA GRANTS.—Section 5338(a) of title 49, 
United States Code, is amended— 
(1) in paragraph 
(1) 
by 
striking 
‘‘and 
$7,158,575,342 for the period beginning on October 
1, 2014, and ending on July 31, 2015’’ and insert-
ing ‘‘$8,595,000,000 for fiscal year 2015, and 
$1,855,204,918 for the period beginning on October 
1, 2015, and ending on December 18, 2015’’; 
(2) in paragraph (2)— 
(A) in subparagraph (A) by striking ‘‘and 
$107,274,521 for the period beginning on Octo-
ber 1, 2014, and ending on July 31, 2015,’’
and inserting ‘‘$128,800,000 for fiscal 2015, 
and $27,801,093 for the period beginning on 
October 1, 2015, and ending on December 18, 
2015,’’; 
(B) in subparagraph (B) by striking ‘‘for 
each of fiscal years 2013 and 2014 and 
$8,328,767 for the period beginning on October 
1, 2014, and ending on July 31, 2015,’’ and in-
serting ‘‘for each of fiscal years 2013 through 
2015 and $2,158,470 for the period beginning 
on October 1, 2015, and ending on December 
18, 2015,’’; 
(C) in subparagraph (C) by striking ‘‘and 
$3,713,505,753 for the period beginning on Oc-
tober 1, 2014, and ending on July 31, 2015,’’ 
and inserting ‘‘$4,458,650,000 for fiscal year 
2015, and $962,386,202 for the period begin-
ning on October 1, 2015, and ending on De-
cember 18, 2015,’’; 
(D) in subparagraph (D) by striking ‘‘and 
$215,132,055 for the period beginning on Octo-
ber 1, 2014, and ending on July 31, 2015,’’ 
and inserting ‘‘$258,300,000 for fiscal year 
2015, and $55,753,279 for the period beginning
SEC. 2004. CONSISTENT BASIS REPORTING BETWEEN ES-
TATE AND PERSON ACQUIRING PROPERTY 
FROM DECEDENT. 
(a) PROPERTY ACQUIRED FROM A DECEDENT.—Sec-
tion 1014 of the Internal Revenue Code of 1986 is amend-
ed by adding at the end the following new subsection: 
‘‘(f) BASIS MUST BE CONSISTENT WITH ESTATE 
TAX RETURN.—For purposes of this section— 
‘‘(1) IN GENERAL.—The basis of any property 
to which subsection (a) applies shall not exceed— 
‘‘(A) in the case of property the final value 
of which has been determined for purposes of 
the tax imposed by chapter 11 on the estate of 
such decedent, such value, and 
‘‘(B) in the case of property not described 
in subparagraph (A) and with respect to which 
a statement has been furnished under section 
6035(a) identifying the value of such property, 
such value. 
‘‘(2) EXCEPTION.—Paragraph (1) shall only 
apply to any property whose inclusion in the dece-
dent’s estate increased the liability for the tax im-
posed by chapter 11 (reduced by credits allowable 
against such tax) on such estate.