Sec. 104. Modification of credit for purchase of vehicles fueled by compressed natural gas or liquefied natural gas
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/bill/113/hr/1364/ih/section-104·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Paragraph
(2)of section 30B(e) (relating to applicable percentage) is amended to read as follows: For purposes of paragraph (1), the applicable percentage with respect to any new qualified alternative fuel motor vehicle is— except as provided in subparagraphs
(B)and (C)— 50 percent, plus 30 percent, if such vehicle— has received a certificate of conformity under the Clean Air Act and meets or exceeds the most stringent standard available for certification under the Clean Air Act for that make and model year vehicle (other than a zero emission standard), or has received an order certifying the vehicle as meeting the same requirements as vehicles which may be sold or leased in California and meets or exceeds the most stringent standard available for certification under the State laws of California (enacted in accordance with a waiver granted under section 209(b) of the Clean Air Act) for that make and model year vehicle (other than a zero emission standard), 80 percent, in the case of dedicated vehicles that are only capable of operating on compressed or liquefied natural gas, dual-fuel vehicles that are only capable of operating on a mixture of no less than 90 percent compressed or liquefied natural gas, and a bi-fuel vehicle that is capable of operating a minimum of 85 percent of its total range on compressed or liquefied natural gas, and 50 percent, in the case of vehicles described subclause
(II)or
(III)of subsection (e)(4)(A)(i) and which are not otherwise described in subparagraph (B). For purposes of the preceding sentence, in the case of any new qualified alternative fuel motor vehicle which weighs more than 14,000 pounds gross vehicle weight rating, the most stringent standard available shall be such standard available for certification on the date of the enactment of the Energy Tax Incentives Act of 2005. . Subsection
(e)of section 30B (relating to new qualified alternative fuel motor vehicle credit) is amended by adding at the end the following new paragraph: In the case of new qualified alternative fuel motor vehicles with respect to vehicles powered by compressed or liquefied natural gas, the maximum tax credit value shall be— $7,500 if such vehicle has a gross vehicle weight rating of not more than 8,500 pounds, $16,000 if such vehicle has a gross vehicle weight rating of more than 8,500 pounds but not more than 14,000 pounds, $40,000 if such vehicle has a gross vehicle weight rating of more than 14,000 pounds but not more than 26,000 pounds, and $64,000 if such vehicle has a gross vehicle weight rating of more than 26,000 pounds. . The amendment made by this section shall apply to property placed in service after the date of the enactment of this Act.