SECTION 1. PURPOSE

This notice provides procedures for a taxpayer to claim the 50-percent additional first year depreciation (Kansas additional first year depreciation) provided by § 15345(a)(1) and (d)(1) of the Food, Conservation, and Energy Act of 2008 (the Act), Pub. L. No. 110–246, 122 Stat. 1651 (June 18, 2008), for qualified Recovery Assistance property (RA property) placed in service by the taxpayer on or after May 5, 2007, during the taxable year that includes May 5, 2007. This notice also explains how a taxpayer may elect not to deduct the Kansas additional first year depreciation for RA property.