‘‘(C) which is property of a character sub-
ject to an allowance for depreciation, 
‘‘(D) which is made by a manufacturer, 
‘‘(E) which is manufactured after the spec-
ified effective date, and 
‘‘(F) which meets the requirements pre-
scribed under section 109(a) of the Bus Uni-
form Standards and Enhanced Safety Act of 
2009. 
‘‘(2) EXISTING MOTORCOACH.—The term ‘exist-
ing motorcoach’ means any motorcoach— 
‘‘(A) which is property of a character sub-
ject to an allowance for depreciation, and 
‘‘(B) which is manufactured on or before 
the specified effective date. 
‘‘(d) OTHER DEFINITIONS AND SPECIAL RULES.— 
For purposes of this section— 
‘‘(1) MOTORCOACH.—The term ‘motorcoach’ 
means any vehicle to which the requirements pre-
scribed under section 109(a) of the Bus Uniform 
Standards and Enhanced Safety Act of 2009, apply, 
or would apply if such vehicle were manufactured 
after the specified effective date. 
‘‘(2) SPECIFIED EFFECTIVE DATE.—The term 
‘specified effective date’ means the effective date de-
VerDate Nov 24 2008 
21:51 Feb 24, 2009
Jkt 079200
PO 00000
Frm 00024
Fmt 6652
Sfmt 6201
E:\BILLS\H1135.IH
H1135
rwilkins on PROD1PC63 with BILLS
scribed in section 109(c)(1) of the Bus Uniform 
Standards and Enhanced Safety Act of 2009. 
‘‘(3) BASIS
REDUCTION.—The basis of any 
property for which a credit is determined under sub-
section (a) shall be reduced by the amount of the 
credit so determined. 
‘‘(4) RECAPTURE.—The Secretary shall, by reg-
ulations, provide for recapturing the benefit of any 
credit determined under subsection (a) with respect 
to any property which ceases to be property eligible 
for such credit. 
‘‘(5) 
PROPERTY
USED
OUTSIDE
UNITED 
STATES, ETC., NOT QUALIFIED.—No credit shall be 
determined under subsection (a) with respect to— 
‘‘(A) the portion of the cost of any prop-
erty taken into account under section 179, or 
‘‘(B) any property referred to in section 
50(b). 
‘‘(6) ELECTION
NOT
TO
TAKE
CREDIT.—No 
credit shall be determined under subsection (a) for 
any vehicle if the taxpayer elects to not have this 
section apply to such vehicle. 
‘‘(e) TERMINATION.—No credit shall be determined 
under this subsection for any taxable year ending after 
December 31, 2026.’’. 
VerDate Nov 24 2008 
21:51 Feb 24, 2009
Jkt 079200
PO 00000
Frm 00025
Fmt 6652
Sfmt 6201
E:\BILLS\H1135.IH
H1135
rwilkins on PROD1PC63 with BILLS
(b) DENIAL OF DOUBLE BENEFIT.—Section 280C of 
the Internal Revenue Code of 1986 is amended by adding 
at the end the following new subsection: 
‘‘(g) CREDIT FOR COSTS OF MOTORCOACHES COM-
PLYING WITH FEDERAL SAFETY REQUIREMENTS.—No 
deduction shall be allowed for that portion of the expenses 
otherwise allowable as a deduction for the taxable year 
which is equal to the amount of the credit determined for 
the taxable year under section 45R(a).’’. 
(c) CONFORMING AMENDMENTS.— 
(1) Section 38(b) of the Internal Revenue Code 
of 1986 is amended by striking ‘‘plus’’ at the end of 
paragraph (34), by striking the period at the end of 
paragraph (35) and inserting ‘‘, plus’’, and by add-
ing at the end the following: 
‘‘(36) the qualified motorcoach safety credit de-
termined under section 45R(a).’’. 
(2) Section 1016(a) of such Code is amended 
by striking ‘‘and’’ at the end of paragraph (37), by 
striking the period at the end of paragraph (38) and 
inserting ‘‘, and’’, and by adding at the end the fol-
lowing new paragraph: 
‘‘(38) to the extent provided in section 
45R(d)(3).’’. 
VerDate Nov 24 2008 
21:51 Feb 24, 2009
Jkt 079200
PO 00000
Frm 00026
Fmt 6652
Sfmt 6201
E:\BILLS\H1135.IH
H1135
rwilkins on PROD1PC63 with BILLS