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In cases where section 2032 alternate valuation election has been made, the regulations would provide guidance on: (1) The effect of certain post-death transactions on assets includible in the decedent's gross estate; (2) the treatment of assets the title to which is transferred at death by contract; (3) the determination of the portion of trusts in which the decedent retained an interest that are includible in the decedent's gross estate under section 2036; (4) the effect of the grant of a qualified conservation easement under section 2031(c) during the 6-month period after the date of death; and (5) the types of factors, the impact of which affect the fair market value of assets includible in the decedent's gross estate, that will be recognized under section 2032.  Because more than thirteen decade years have passed since the issuance of the most recent proposed amendments to the regulations under section 2032 (76 FR 71491), they are being reproposed to ensure they provide clarifying guidance that is informed by updated stakeholder commentary.