Sec. 90435. Alternative fuel refueling property credit
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/bill/116/hr/2/rds/section-90435·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 30C(g) is amended by striking December 31, 2020 and inserting December 31, 2025 . Section 30C(a) is amended— by striking equal to 30 percent and inserting the following: equal to the sum of— 30 percent , by striking the period at the end and inserting , plus , and by adding at the end the following new paragraph: 20 percent of so much of such cost as exceeds the limitation under subsection (b)(1) that does not exceed the amount of cost attributable to qualified alternative vehicle refueling property (determined without regard to paragraphs (1), (2)(A), and (2)(B) of subsection (c)) which— is intended for general public use and recharges motor vehicle batteries with no associated fee or payment arrangement, is intended for general public use and accepts payment via a credit card reader, or is intended for use exclusively by fleets of commercial or governmental vehicles. .
Section 30C(b) is amended— by striking The credit allowed under subsection
(a)and inserting The amount of cost taken into account under subsection (a)(1) , by striking $30,000 and inserting $100,000 , and by striking $1,000 and inserting $3,333.33 . The amendment made by this section shall apply to property placed in service after December 31, 2020.