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131 STAT. 2109 PUBLIC LAW 115–97—DEC. 22, 2017 (B) in clause (ii), by striking ‘‘$4,100’’ and inserting ‘‘$16,000’’, (C) in clause (iii), by striking ‘‘$2,450’’ and inserting ‘‘$9,600’’, and (D) in clause (iv), by striking ‘‘$1,475’’ and inserting ‘‘$5,760’’. (2) CONFORMING AMENDMENTS.— (A) Clause (ii) of section 280F(a)(1)(B) is amended by striking ‘‘$1,475’’ in the text and heading and inserting ‘‘$5,760’’. (B) Paragraph (7) of section 280F(d) is amended— (i) in subparagraph (A), by striking ‘‘1988’’ and inserting ‘‘2018’’, and (ii) in subparagraph (B)(i)(II), by striking ‘‘1987’’ and inserting ‘‘2017’’. (b) REMOVAL OF COMPUTER EQUIPMENT FROM LISTED PROP- ERTY.— (1) IN GENERAL.—Section 280F(d)(4)(A) is amended— (A) by inserting ‘‘and’’ at the end of clause (iii), (B) by striking clause (iv), and (C) by redesignating clause (v) as clause (iv). (2) CONFORMING AMENDMENT.—Section 280F(d)(4) is amended by striking subparagraph (B) and by redesignating subparagraph (C) as subparagraph (B). (c) EFFECTIVE DATE.—The amendments made by this section shall apply to property placed in service after December 31, 2017, in taxable years ending after such date. SEC. 13203. MODIFICATIONS OF TREATMENT OF CERTAIN FARM PROP- ERTY. (a) TREATMENT OF CERTAIN FARM PROPERTY AS 5-YEAR PROP- ERTY.—Clause (vii) of section 168(e)(3)(B) is amended by striking ‘‘after December 31, 2008, and which is placed in service before January 1, 2010’’ and inserting ‘‘after December 31, 2017’’. (b) REPEAL OF REQUIRED USE OF 150-PERCENT DECLINING BAL- ANCE METHOD.—Section 168(b)(2) is amended by striking subpara- graph (B) and by redesignating subparagraphs (C) and (D) as sub- paragraphs (B) and (C), respectively. (c) EFFECTIVE DATE.—The amendments made by this section shall apply to property placed in service after December 31, 2017, in taxable years ending after such date. SEC. 13204. APPLICABLE RECOVERY PERIOD FOR REAL PROPERTY. (a) IMPROVEMENTS TO REAL PROPERTY.— (1) ELIMINATION OF QUALIFIED LEASEHOLD IMPROVEMENT, QUALIFIED RESTAURANT, AND QUALIFIED RETAIL IMPROVEMENT PROPERTY.—Subsection (e) of section 168 is amended— (A) in subparagraph (E) of paragraph (3)— (i) by striking clauses (iv), (v), and (ix), (ii) in clause (vii), by inserting ‘‘and’’ at the end, (iii) in clause (viii), by striking ‘‘, and’’ and inserting a period, and (iv) by redesignating clauses (vi), (vii), and (viii), as so amended, as clauses (iv), (v), and (vi), respec- tively, and (B) by striking paragraphs (6), (7), and (8). 26 USC 168 note. 26 USC 280F note. 26 USC 280F. VerDate Sep 11 2014 10:09 Oct 18, 2018 Jkt 079139 PO 00097 Frm 00057 Fmt 6580 Sfmt 6581 E:\PUBLAW\PUBL097.115 PUBL097 dkrause on DSKBC28HB2PROD with PUBLAWS