There is one summary for this bill. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (05/14/2002)

Amends the Internal Revenue Code to provide a seven-year recovery period for depreciation of potato storage facilities. Establishes that the amendments in this Act will apply to potato storage facilities placed in service by a taxpayer before, on, or, after January 1, 2002, but with respect to those facilities placed in service before January 1, 2002, only if the taxpayer owned the facility on such date.