To amend the Internal Revenue Code of 1986 to modify the depreciation of property used in the generation of electricity.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code, with respect to the accelerated cost recovery system, to: (1) add property used in the generation of electricity to the definition of seven-year property; and (2) with respect to the special rules for determining class life, deem such property to have a ten-year class life.…