planted, and inserting planted or grafted . (2) Section 460(c)(6)(B) of such Code is amended by striking which and all that follows through the period and inserting which has a recovery period of 7 years or less. . (c) Effective date The amendments made by this section shall take effect as if included in section 13201 of Public Law 115–97 . 3. Neutral cost recovery depreciation adjustment for residential rental property and nonresidential real property (a) In general Section 168 of the Internal Revenue Code of 1986 is amended by adding at the end thereof the following new subsection: (n) Neutral cost recovery depreciation adjustment for residential rental property and nonresidential real property (1) In general In the case of any applicable property, the deduction under this section with respect to such property for any taxable year after the taxable year during which the property is placed in service shall be— (A) the amount determined under this section for such taxable year without regard to this subsection, multiplied by (B) the applicable neutral cost recovery ratio for such taxable year. (2) Applicable neutral cost recovery ratio For purposes of paragraph (1), the applicable neutral cost recovery ratio for the applicable property for any taxable year is the number determined by— (A) dividing— (i) the gross domestic product deflator for the calendar quarter ending in such taxable year which corresponds to the calendar quarter during which the property was placed in service by the taxpayer, by (ii) the gross domestic product deflator for the calendar quarter during which the property was placed in service by the taxpayer, and (B) then multiplying the number determined under subparagraph (A) by the number equal to 1.03 to the nth power where n is the number of full years in the period beginning on the 1st day of the calendar quarter during which the property was placed in service by the taxpayer and ending on the day before the beginning of the corresponding calendar quarter ending during such taxable year.