previously accrued as determined under the rules of section 1272 (determined without regard to subsection (a)(7) or (b)(4) thereof), and (iii) there shall be such other adjustments as the Secretary may by regulations prescribe. (C) Coordination with depreciation rules If the alternative depreciation system under section 168(g) applies to property by reason of an election under paragraph (7)(B) which is revoked under subparagraph (A)(ii)(II), then the depreciation deduction under section 167(a) with respect to such property for the taxable year of revocation and all succeeding taxable years shall be determined under section 168 in the same manner as if such revocation were a change in use of the property under section 168(i)(5) and the regulations thereunder. (D) Definitions and rules For purposes of this paragraph— (i) any term used in this paragraph which is also used in section 59B shall have the same meaning as when used in such section, and (ii) the constructive ownership rules of section 318 shall apply in the same manner as such rules apply for purposes of section 59B. . (b) Effective dates (1) In general The amendments made by this section shall apply to taxable years beginning on or after the date of enactment of this Act. (2) Revocation of elections Subparagraphs (A)(ii)(II) and (C) of section 163(j)(10) of the Internal Revenue Code of 1986, as added by this section, shall apply to taxable years beginning on or after the date of enactment of this Act, with respect to elections under section 163(j)(7)(B) of such Code made before, on, or after such date. III Protecting workers when companies go bankrupt 301. Increased priority for wages Section 507(a) of title 11, United States Code, is amended— (1) in paragraph (4)— (A) by redesignating subparagraphs (A) and (B) as clauses (i) and (ii), respectively