I 111th CONGRESS 1st Session H. R. 2739 IN THE HOUSE OF REPRESENTATIVES June 4, 2009 Mr. Thompson of California (for himself, Mr. Radanovich, Mr. Meek of Florida, and Ms. Ginny Brown-Waite of Florida) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to treat trees and vines producing fruit, nuts, or other crops as placed in service in the year in which it is planted for purposes of special allowance for depreciation.

1.

Placed in service date for trees and vines for purposes of special allowance for depreciation

(a)

In general

Subsection (k) of section 168 of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph: (5)

Special rule for certain trees and vines

For purposes of this subsection, in the case of any qualified property which is a tree or vine producing fruit, nuts, or other crops, such property shall be treated as placed in service in the year in which it is planted. . (b)

Effective date

The amendment made by subsection (a) shall apply to taxable years beginning after December 31, 2008.