SECTION 3. SCOPE

.01 This revenue procedure applies to a taxpayer that:

(1) Placed in service (a) qualified Indian reservation property after December 31, 2017, during the taxpayer’s taxable year ending in 2018 (2018 taxable year) or in 2019 (2019 taxable year), or (b)

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qualified second generation biofuel plant property after December 31, 2017, during the taxpayer’s 2018 taxable year or 2019 taxable year;

(2) Timely filed the taxpayer’s Federal income tax return or Form 1065, U.S. Return of Partnership, for the placed-inservice year of such property; and

(3) Wants to make a (a) late § 168(j)(8) election to not apply § 168(j) for the placed-in-service year for one or more classes of qualified Indian reservation property, or (b) late § 168(l)(3)(D) election not to apply § 168(l) for the placedin-service year for one or more classes of qualified second generation biofuel plant property.

.02 This revenue procedure also applies to a taxpayer that:

(1) Is the owner, as defined in § 1.1811(a)(2), of a qualified film, television, or live theatrical production commencing after December 31, 2017;

(2) Wants to make a late § 181 election for the production costs of such qualified film, television, or live theatrical production for the taxpayer’s 2018 taxable year or 2019 taxable year, as applicable; and

(3) Timely filed the taxpayer’s Federal income tax return or Form 1065 for the taxpayer’s 2018 taxable year or 2019 taxable year, as applicable.