To amend the Internal Revenue Code of 1986 to provide a 7-year recovery period for depreciation of potato storage facilities.

This bill would change the federal tax code to allow owners of potato storage facilities to write off the cost of those buildings more quickly. Specifically, it shortens the "recovery period" for depreciation to seven years, allowing farmers and businesses to deduct the construction or purchase costs from their taxes over a shorter timeframe than under previous law. This change is designed to provide faster tax relief to potato producers, applying to facilities put into use starting in 2003 as well as older facilities still owned by the taxpayer at that time.