Sec. 12. Extension and expansion of alternative fuel vehicle refueling property credit
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Section 30C of the Internal Revenue Code of 1986 is amended— by amending subsection
(c)to read as follows: For purposes of this section— The term qualified alternative fuel vehicle refueling property means any property (not including a building and its structural components) if— such property is of a character subject to the allowance for depreciation, the original use of such property begins with the taxpayer, and is not used as the principal residence (within the meaning of section 121) of the taxpayer, and such property is used— for the storage or dispensing of a qualifying fuel into the fuel tank of a motor vehicle propelled by such fuel, but only if the storage or dispensing of the fuel is at the point where such fuel is delivered into the fuel tank of the motor vehicle, or for the recharging of motor vehicles propelled by electricity, but only if such property is located at the point where the motor vehicles are recharged. The term qualifying fuel means— any fuel at least 50 percent of the volume of which consists of natural gas, compressed natural gas, liquified natural gas, liquefied petroleum gas, or hydrogen, or any fuel mixture at least 20 percent of the volume of which consists of ethanol or biodiesel, without regard to any denaturant or kerosene used in such mixture. , and in subsection (g), by striking December 31, 2021 and inserting December 31, 2027 . The amendments made by this section shall apply to taxable years beginning after December 31, 2021.