REPEAL OF SEPARATE DEPRECIATION LIVES FOR MINIMUM TAX PURPOSES.

SEC. 402. REPEAL OF SEPARATE DEPRECIATION LIVES FOR MINIMUM TAX PURPOSES. (a) In General.—Clause (i) of section 56(a)(1)(A) is amended by adding at the end the following new sentence: “In the case of property placed in service after December 31, 1998, the preceding sentence shall not apply but clause (ii) shall continue to apply.”. (b) Pollution Control Facilities.—Paragraph (5) of section 56(a) is amended by adding at the end the following new sentence: “In the case of such a facility placed in service after December 31, 1998, such deduction shall be determined under section 168 using the straight line method.”.