‘‘(D) In the case of a vehicle with a gross 
vehicle weight rating exceeding 14,000 but not 
exceeding 26,000 pounds, $20,000. 
‘‘(E) In the case of a vehicle with a gross 
vehicle weight rating exceeding 26,000 pounds, 
$40,000.’’, and 
(B) by redesignating paragraph (3) as 
paragraph (2). 
(3) CONFORMING AMENDMENTS.—
(A) Section 53(d)(1)(B)(iii) is amended by 
striking ‘‘section 30(b)(3)(B)’’ and inserting 
‘‘section 30(b)(2)(B)’’. 
(B) Section 55(c)(2), as amended by this 
Act, is amended by striking ‘‘30(b)(3)’’ and in-
serting ‘‘30(b)(2)’’. 
(b) QUALIFIED BATTERY ELECTRIC VEHICLE.—
(1) IN GENERAL.—Section 30(c)(1)(A) (defin-
ing qualified electric vehicle) is amended to read as 
follows: 
‘‘(A) which is—
‘‘(i) operated solely by use of a bat-
tery or battery pack, or 
‘‘(ii) powered primarily through the 
use of an electric battery or battery pack 
using a flywheel or capacitor which stores
energy produced by an electric motor 
through regenerative braking to assist in 
vehicle operation,’’. 
(2) LEASED VEHICLES.—Section 30(c)(1)(C) is 
amended by inserting ‘‘or lease’’ after ‘‘use’’. 
(3) CONFORMING AMENDMENTS.—
(A) Subsections (a), (b)(2), and (c) of sec-
tion 30 are each amended by inserting ‘‘bat-
tery’’ after ‘‘qualified’’ each place it appears. 
(B) The heading of subsection (c) of sec-
tion 30 is amended by inserting ‘‘BATTERY’’ 
after ‘‘QUALIFIED’’. 
(C) The heading of section 30 is amended 
by inserting ‘‘BATTERY’’ after ‘‘QUALIFIED’’. 
(D) The item relating to section 30 in the 
table of sections for subpart B of part IV of
subchapter A of chapter 1 is amended by in-
serting ‘‘battery’’ after ‘‘qualified’’. 
(E) Section 179A(c)(3) is amended by in-
serting ‘‘battery’’ before ‘‘electric’’. 
(F) The heading of paragraph (3) of sec-
tion 179A(c) is amended by inserting ‘‘BAT-
TERY’’ before ‘‘ELECTRIC’’.
(c) ADDITIONAL SPECIAL RULES.—Section 30(d) 
(relating to special rules) is amended by adding at the end 
the following new paragraphs: 
‘‘(5) NO
DOUBLE
BENEFIT.—The amount of 
any deduction or other credit allowable under this 
chapter for any cost taken into account in com-
puting the amount of the credit determined under 
subsection (a) shall be reduced by the amount of 
such credit attributable to such cost. 
‘‘(6) PROPERTY USED BY TAX-EXEMPT ENTI-
TIES.—In the case of a credit amount which is al-
lowable with respect to a vehicle which is acquired 
by an entity exempt from tax under this chapter, the 
person which sells or leases such vehicle to the entity 
shall be treated as the taxpayer with respect to the 
vehicle for purposes of this section and the credit 
shall be allowed to such person, but only if the per-
son clearly discloses to the entity at the time of any 
sale or lease the specific amount of any credit other-
wise allowable to the entity under this section. 
‘‘(7) CARRYBACK
AND
CARRYFORWARD
AL-
LOWED.—
‘‘(A) IN GENERAL.—If the credit amount 
allowable under subsection (a) for a taxable 
year exceeds the amount of the limitation under
subsection (b)(2) for such taxable year (in this 
paragraph referred to as the ‘unused credit 
year’), such excess shall be allowed as a credit 
carryback for each of the 3 taxable years begin-
ning after the date of the enactment of this 
paragraph, which precede the unused credit 
year and a credit carryforward for each of the 
20 taxable years which succeed the unused 
credit year. 
‘‘(B) RULES.—Rules similar to the rules of 
section 39 shall apply with respect to the credit 
carryback and credit carryforward under sub-
paragraph (A).’’. 
(d) EFFECTIVE DATE.—The amendments made by 
this section shall apply to property placed in service after 
the date of the enactment of this Act, in taxable years 
ending after such date. 
SEC. 5. CREDIT FOR INSTALLATION OF ALTERNATIVE 
FUELING STATIONS. 
(a) IN GENERAL.—Subpart B of part IV of sub-
chapter A of chapter 1 (relating to foreign tax credit, etc.), 
as amended by this Act, is amended by adding at the end 
the following new section: