means any taxpayer which— (i) does not elect the application of paragraph (1), and (ii) filed an income tax return for such taxpayer’s first taxable year beginning after December 31, 2021, before the earlier of— (I) the due date for such return, and (II) the date of the enactment of this Act. 102. Extension of allowance for depreciation, amortization, or depletion in determining the limitation on business interest (a) In general Section 163(j)(8)(A)(v) is amended by striking January 1, 2022 and inserting January 1, 2026 . (b) Effective date (1) In general Except as otherwise provided in this subsection, the amendment made by this section shall apply to taxable years beginning after December 31, 2022. (2) Election to apply extension retroactively In the case of a taxpayer which elects (at such time and in such manner as the Secretary may provide) the application of this paragraph, paragraph (1) shall be applied by substituting December 31, 2021 for December 31, 2022 . 103. Extension of 100 percent bonus depreciation (a) In general Section 168(k)(6)(A) is amended— (1) in clause (i)— (A) by striking 2023 and inserting 2026 , and (B) by adding and at the end, and (2) by striking clauses (ii), (iii), and (iv), and redesignating clause (v) as clause (ii). (b) Property with longer production periods Section 168(k)(6)(B) is amended— (1) in clause (i)— (A) by striking 2024 and inserting 2027 , and (B) by adding and at the end, and (2) by striking clauses (ii), (iii), and (iv), and redesignating clause (v) as clause (ii). (c) Plants bearing fruits and nuts Section 168(k)(6)(C) is amended— (1) in clause (i)— (A) by striking 2023 and inserting 2026 , and (B) by adding and at the end, and (2) by striking clauses (ii), (iii), and (iv), and redesignating clause (v) as clause (ii). (d) Effective dates (1) In general Except as otherwise provided in this subsection, the amendments made by this section shall apply to property placed in service after December 31, 2022. (2) Plants bearing fruits and nuts The amendments made by