Which of the following is true concerning the American Taxpayer Relief Act of 2012?

  a. This tax law leads to the immediate elimination of the federal estate tax.
  b. This tax law leads to the immediate elimination of the federal gift tax.
  c. This tax law provides for a $5.45 million tax-free exemption, as a result of indexing, for estates created in 2016.
  d. This tax law leads to the immediate elimination of the generation-skipping tax.