To amend the Internal Revenue Code of 1986 to allow a 5-year recovery period for grapevines replanted as a result of a phylloxera infestation.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow a five-year recovery period for purposes of the depreciation deduction for any grapevine replanted in a vineyard after December 31, 1992, as a direct result of a phylloxera infestation in such vineyard. Allows a ten-year recovery period for such replanted grapevines under the alternative depreciation system.…