clause (ii) and inserting the following: (ii) who meets the gross receipts test of section 448(c) for the taxable year in which such contract is entered into (or, in the case of a sole proprietorship, who would meet such test if such proprietorship were a corporation). . (2) Conforming amendments (A) Section 460(e) is amended by striking paragraphs (2) and (3) and by redesignating paragraphs (4) through (6) as paragraphs (2) through (4), respectively. (B) The last sentence of section 56(a)(3) is amended by striking section 460(e)(6) and inserting section 460(e)(4) . (b) Coordination with section 481 Section 460(e), as amended by subsection (a), is amended by adding at the end the following: (5) Coordination with section 481 If a taxpayer changes its method of accounting because subsections (a), (b), (c)(1), and (c)(2) do not apply by reason of the exception under paragraph (1)(B) or such subsections apply to the taxpayer because such exception no longer applies to the taxpayer— (A) such change shall be treated as initiated by the taxpayer, (B) such change shall be treated as made with the consent of the Secretary, and (C) such change shall be permitted only on a cut-off basis for all similarly classified contracts entered into on or after the year of change and no adjustments under section 481(a) shall be made. . (c) Effective date The amendment made by this section shall apply to contracts entered into after December 31, 2017, in taxable years ending after such date. III Cost recovery and accounting methods A Cost recovery 13201. Temporary 100-percent expensing for certain business assets (a) In general (1) 100 percent expensing Section 168(k) is amended— (A) in paragraph (1)(A), by striking 50 percent and inserting 100 percent , and (B) in paragraph (5)(A)(i), by striking 50 percent and inserting 100 percent . (2) Extension through 2022 Section 168(k) is amended— (A) in the heading, by striking December 31, 2007, and before January 1, 2020 and inserting September 27, 2017, and before January 1, 2023 , (B) in