Section 1 Expansion of livestock available for bonus depreciation
In general— Subparagraph (E) of section 168(k)(2) of the Internal Revenue Code of 1986 is amended by adding at the end the following new clause:
“(v) Dairy producing calves and cows—In the case of any dairy producing calf or cow, subparagraph (A) shall be applied without regard to clause (ii) thereof.”
Effective date— The amendment made by subsection (a) shall apply to property placed in service after December 31, 2012, in taxable years ending after such date.