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S. 1461, 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 comment ↓)

S. 1461 would 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.

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Gary J. Montin

July 23, 2009, 12:28pm (report abuse)

Considering the time it takes to grow a pecan tree prior to harvesting a crop (5-7 years), the depreciation starting from planting just makes sense. This would also encourge plantings.
Gary

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