; and (C) by striking calendar year 1997 and inserting calendar year 2018 in subparagraph (B). (b) Qualified use limited to farming purposes (1) In general Section 2032A(b)(2) is amended by striking the devotion of the property and all that follows and inserting the devotion of the property to use as a farm for farming purposes. . (2) Conforming amendments (A) Subsections (c)(6)(A), (h)(3), and (i)(3) of section 2032A of the such Code are each amended by striking subparagraph (A) or (B) of . (B) The heading of section 2032A of such Code (and the item relating to section 2032A in the table of sections for part III of subchapter A of chapter 11 of such Code) is amended by striking , etc., . (c) Effective date The amendments made by this section shall apply to estates of decedents dying, and gifts made, after December 31, 2018. B Reform of taxation of capital income 211. Increase in capital gains rate (a) In general Section 1(h)(1)(D) of the Internal Revenue Code of 1986 is amended by striking 20 percent and inserting 24.2 percent . (b) Minimum tax Section 55(b)(3)(D) of the Internal Revenue Code of 1986 is amended by striking 20 percent and inserting 24.2 percent . (c) Conforming amendments The following provisions are each amended by striking 20 percent and inserting 20.4 percent : (1) Section 531 of the Internal Revenue Code of 1986. (2) Section 541 of the Internal Revenue Code of 1986. (3) Section 1445(e)(1) of the Internal Revenue Code of 1986. (4) Section 1445(e)(6) of the Internal Revenue Code of 1986. (5) The second sentence of section 7518(g)(6)(A) of the Internal Revenue Code of 1986. (6) Section 53511(f)(2) of title 46, United States Code. (d) Effective dates (1) In general Except as otherwise provided, the amendments made by this section shall apply to taxable years beginning after December 31, 2018. (2) Withholding The amendments made by paragraphs (3) and (4) of subsection (c) shall apply to amounts paid on or after January 1, 2019. 212. Deemed realization of capital gains at time of gift or death (a)