SECTION 8. EFFECT ON OTHER

DOCUMENTS

.01 Rev. Proc. 2002–9 is modified and amplified to include the automatic change in method of accounting provided under section 4.01(2)(b) of this revenue procedure in the APPENDIX of Rev. Proc. 2002–9. .02 Section 7.05 of Rev. Proc. 2003–38 is modified to read as follows: “If a taxpayer does not make the commercial revitalization deduction election for a qualified revitalization building within the time and in the manner prescribed in section 7.02 of this revenue procedure, the amount of depreciation allowable for that property must be determined under § 168 for the placed-in-service year and for all subsequent years. Thus, the commercial revitalization deduction election cannot be made by the taxpayer in any manner other than as set forth in section 7.02 of this revenue procedure (for example, through a request under § 446(e) to change the taxpayer’s method of accounting), except as otherwise expressly provided by the Internal Revenue Code, the regulations under the Code, or other guidance published in the Internal Revenue Bulletin.”