The Tax Reform Act of 1986, in enacting MACRS (the Modified Accelerated Cost Recovery System)1 created a classification for property with an A.D.R. midpoint life of 16 years or more and less than 20 years as “ten-year property.” The 10-year property classification includes – (1) any single purpose agricultural or horticultural structure (within the meaning of I.R.C. § 168(i)(13); (2) any tree or vine bearing fruit or nuts; (3)any qualified smart electric meter; and (4) any smart electric grid system.2 The question that keeps coming up is. . . .what property is eligible for the “single purpose agricultural or horticultural structure” tax treatment?



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