To amend the Internal Revenue Code of 1986 to allow a 5-year recovery period for grapevines replanted as a result of a phylloxera infestation.

Amends the Internal Revenue Code to allow a five-year recovery period for purposes of the depreciation deduction for any grapevine replanted in a vineyard after December 31, 1992, as a direct result of a phylloxera infestation in such vineyard.

Allows a ten-year recovery period for such replanted grapevines under the alternative depreciation system.