...decedent's family and used for a qualified use by the decedent or a member of the decedent's family, and (ii) there was material participation by the decedent...designated in the agreement referred to in subsection (dX2). (2) QUALIFIED USE. — For purposes of this section, the term "qualified use" means the devotion...

...property was owned by the decedent or a member of the decedents family and used for a qualified use, and "(ii) there was material participation by the decedent...designated in the agreement referred to in subsection (d) (2) . "(2) QUALIFIED USE. — For purposes of this section, the term 'qualified use' means the...

...decedent's family and used for a qualified use by the decedent or a member of the decedent's family, and (ii) there was material participation by the decedent...designated in the agreement referred to in subsection (dX2). (2) QUALIFIED USE. — For purposes of this section, the term "qualified use" means the devotion...

...the decedent's death there have been periods aggregating 5 years or more during which— ******* nil there was material participation by the decedent or...family in the operation of the farm or other business, ******* (e) DEFINITIONS: SPECIAL RULES— For purposes of this section— ******* (6) MATERIAL PARTICIPATION.—...

...property was owned by the decedent or a member of the decedent's family and used for a qualified use, and "(ii) there was material participation by the decedent...designated in the agreement referred to in subsection (d) (2). "(2) QUALIFIED USE.— For purposes of this section, the term 'qualified use' means the devotion...

...an amendment to Section 2032A(bXlXCXii) eliminating in its entirety the language in (ii) which is: "There was material participation by the decedent...the operation of the farm or other business," and the corresponding provision in C(7) and B. The theory as expressed by the Congressional Committees...

...that, in order for farm or small business property to qualify for use valuation, there must have been "material participation" by the decedent or a member...family in the operation of the farm or other business for at least five of the eight years ending on the date of the decedent's death. Section 2032A(e) (6)...

...property was owned by the decedent or a member of the decedent's family and used for a qualified use, and (ii) there was material participation by the decedent...decedent's family in the operation of the farm or other busines, and Section 2032A(b)(2) defines "qualified use" as follows: QUALIFIED USE. — For purposes...

...Saunders, their daughter and myself) and the statute requires that there must be a "material participant by the decedent or a member of the decedent's family" in the farming operation. There was no provision for revoking an election, once made, if it should later turn...

...real property used as a farm or in a trade or business to qualify for special use valuation there be "material participation by the decedent or a member...family in the operation of the farm or other business." If Congress intended that the decedent be personally involved in the management of a closely held business...