Sec. 201. Credit for producing vehicles fueled by natural gas or liquified natural gas
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Subpart D of part IV of subchapter A of chapter 1 (relating to business-related credits) is amended by inserting after section 45R the following new section: For purposes of section 38, in the case of a taxpayer who is an original manufacturer of natural gas vehicles, the natural gas vehicle credit determined under this section for any taxable year with respect to each eligible natural gas vehicle produced by the taxpayer during such year is an amount equal to the lesser of— 10 percent of the manufacturer’s basis in such vehicle, or $4,000. The aggregate amount of credit allowed under subsection
(a)with respect to a taxpayer for any taxable year shall not exceed $200,000,000 reduced by the amount of the credit allowed under subsection
(a)to the taxpayer (or any predecessor) for all prior taxable years. For the purposes of this section— The term eligible natural gas vehicle means a motor vehicle (as defined in section 30B(h)(1)) that is capable of operating on natural gas and is described in 30B(e)(4)(A). The term manufacturer has the meaning given such term in regulations prescribed by the Administrator of the Environmental Protection Agency for purposes of title II of the Clean Air Act ( 42 U.S.C. 7521 et seq. ). For purposes of this section— Rules similar to the rules of subsections (c), (d), and
(e)of section 52 shall apply. All persons treated as a single employer under subsection
(a)or
(b)of section 52 or subsection
(m)or
(o)of section 414 shall be treated as a single producer. For purposes of subparagraph (A), in applying subsections
(a)and
(b)of section 52 to this section, section 1563 shall be applied without regard to subsection (b)(2)(C) thereof. No amount shall be allowed as a credit under subsection
(a)with respect to which the taxpayer has not submitted such information or certification as the Secretary, in consultation with the Secretary of Energy, determines necessary. This section shall not apply to any vehicle produced after December 31, 2018. . Section 38(b) is amended by striking plus at the end of paragraph (35), by striking the period at the end of paragraph
(36)and inserting , plus , and by adding at the end the following: the natural gas vehicle credit determined under section 45R(a). . The table of sections for subpart D of part IV of subchapter A of chapter 1 is amended by inserting after the item relating to section 45R the following new item: Sec. 45S. Production of vehicles fueled by natural gas or liquefied natural gas. . The amendments made by this section shall apply to vehicles produced after December 31, 2013.
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Sec. 201
Credit for producing vehicles fueled by natural gas or liquified natural gas
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