MODIFICATION TO MINIMUM TAX DEPRECIATION RULES.

SEC. 13115. MODIFICATION TO MINIMUM TAX DEPRECIATION RULES. (a) Elimination of ACE Depreciation Adjustment.— Clause (i) of section 56(g)(4)(A) (relating to depreciation adjustments for computing adjusted current earnings) is amended by adding at the end thereof the following new sentence: “The preceding sentence shall not apply to any property placed in service after December 31, 1993, and the depreciation deduction with respect to such property shall be determined under the rules of subsection (a)(1)(A).”. (b) Effective Dates.— (1) In general.— Except as provided in paragraph (2), the amendments made by this section shall apply to property placed in service after December 31, 1993. (2) Coordination with transitional rules.— The amendments made by this section shall not apply to any property to which paragraph (1) of section 56(a) of the Internal Revenue Code of 1986 does not apply by reason of subparagraph (C)(i) thereof.