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

H.R. 4718 is a tax-related bill that would allow owners of potato storage facilities to write off the cost of those buildings over a seven-year period. Under current tax laws, most farm buildings are depreciated over a longer timeframe, so this change would allow potato farmers and storage operators to claim tax deductions more quickly. This bill is designed to provide financial relief to the potato industry by increasing short-term cash flow for those who own and maintain these specialized climate-controlled facilities.