at least 1 year after the date such schedule is submitted. (C) Treatment under Congressional Review Act For purposes of applying chapter 8 of title 5, United States Code, any schedule developed and submitted under subparagraph (B) shall be treated as a major rule. (D) Specified property For purposes of subparagraph (B), the term specified property means— (i) any property which is classified under subsection (e)(3) (other than subparagraph (C)(v) thereof), or (ii) any nonresidential real property, residential rental property, railroad grading or tunnel bore, or water utility property. . (b) Effective date The amendment made by this section shall take effect on the date of the enactment of this Act. 314. Modifications to depreciation limitations on luxury automobiles and personal use property (a) Luxury automobiles (1) In general 280F(a)(1)(A) is amended— (A) by striking $2,560 in clause (i) and inserting $10,000 , (B) by striking $4,100 in clause (ii) and inserting $16,000 , (C) by striking $2,450 in clause (iii) and inserting $9,600 , and (D) by striking $1,475 in clause (iv) and inserting $5,760 . (2) Conforming amendments (A) Clause (ii) of section 280F(a)(1)(B) is amended by striking $1,475 in the text and heading and inserting $5,760 . (B) Paragraph (7) of section 280F(d) is amended— (i) by striking 1988 in subparagraph (A) and inserting 2018 , and (ii) by striking 1987 in subparagraph (B)(i)(II) and inserting 2017 . (b) Removal of computer equipment from listed property (1) In general Section 280F(d)(4)(A) is amended by inserting and at the end of clause (iii) and by striking clause (iv). (2) Conforming amendment Section 280F(d)(4) is amended by striking subparagraph (B) and by redesignating subparagraph (C) as subparagraph (B). (c) Effective date The amendments made by this section shall apply to property placed in service after December 31, 2017, in taxable years ending after such date. 315. Reduction in amortization period for intangibles (a) In general Section 197(a) is amended by adding at the end the