MODIFICATIONS TO DEPRECIATION LIMITATIONS ON LUXURY AUTOMOBILES AND PERSONAL USE PROPERTY.

SEC. 13202. MODIFICATIONS TO DEPRECIATION LIMITATIONS ON LUXURY AUTOMOBILES AND PERSONAL USE PROPERTY.(a) Luxury Automobiles.—(1) In general.—280F(a)(1)(A) is amended—(A) in clause (i), by striking “$2,560” and inserting “$10,000”,131 STAT. 2109(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 Property.—(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.