Sec. 302. Increase in credit for certain alternative fuel vehicle refueling properties
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Subsection
(b)of section 30C is amended to read as follows: The credit allowed under subsection
(a)with respect to all qualified alternative fuel vehicle refueling property placed in service by the taxpayer during the taxable year at a location shall not exceed— except as provided in paragraph (2), $30,000 in the case of a property of a character subject to an allowance for depreciation, in the case of compressed natural gas property and liquefied natural gas property which is of a character subject to an allowance for depreciation, the lesser of— 50 percent of such cost, or $100,000, and $2,000 in any other case. . The amendment made by this section shall apply to property placed in service in taxable years beginning after December 31, 2013.