788 
Sec. 10006. Repeal of dollar limitation and allowance against alternative min-
imum tax for residential solar and fuel cell property credit. 
Subtitle B—Conservation 
PART 1—TRANSPORTATION 
Sec. 10101. Credit for plug-in hybrid vehicles. 
Sec. 10102. Extension and modification of alternative fuel vehicle refueling 
property credit. 
Sec. 10103. Extension and modification of credits for biodiesel and renewable 
diesel. 
Sec. 10104. Credit for production of cellulosic alcohol. 
Sec. 10105. Extension of transportation fringe benefit to bicycle commuters. 
Sec. 10106. Modification of limitation on automobile depreciation. 
Sec. 10107. Restructuring of New York Liberty Zone tax credits. 
PART 2—OTHER CONSERVATION PROVISIONS 
Sec. 10111. Qualified energy conservation bonds. 
Sec. 10112. Qualified residential energy efficiency assistance bonds. 
Sec. 10113. Extension of energy efficient commercial buildings deduction. 
Sec. 10114. Modifications of energy efficient appliance credit for appliances 
produced after 2007. 
Sec. 10115. Five-year applicable recovery period for depreciation of qualified 
energy management devices. 
Subtitle C—Revenue Provisions 
PART 1—DENIAL OF OIL AND GAS TAX BENEFITS 
Sec. 10201. Denial of deduction for income attributable to domestic production 
of oil, natural gas, or primary products thereof. 
Sec. 10202. 7-year amortization of geological and geophysical expenditures for 
certain major integrated oil companies. 
Sec. 10203. Clarification of determination of foreign oil and gas extraction in-
come. 
PART 2—CLARIFICATION OF ELIGIBILITY FOR CERTAIN FUEL CREDITS 
Sec. 10211. Clarification of eligibility for renewable diesel credit. 
Sec. 10212. Clarification that credits for fuel are designed to provide an incen-
tive for United States production. 
Subtitle D—Other Provisions 
PART 1—STUDIES 
Sec. 10301. Carbon audit of the tax code. 
Sec. 10302. Comprehensive study of biofuels. 
PART 2—APPLICATION OF CERTAIN LABOR STANDARDS ON PROJECTS 
FINANCED UNDER TAX CREDIT BONDS 
Sec. 10311. Application of certain labor standards on projects financed under 
tax credit bonds. 
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Subtitle A—Production Incentives 
SEC. 10001. EXTENSION AND MODIFICATION OF RENEW-
ABLE ENERGY CREDIT. 
(a) EXTENSION OF CREDIT.—Each of the following 
provisions of section 45(d) (relating to qualified facilities) 
is amended by striking ‘‘January 1, 2009’’ and inserting 
‘‘January 1, 2013’’: 
(1) Paragraph (1). 
(2) Clauses (i) and (ii) of paragraph (2)(A). 
(3) Clauses (i)(I) and (ii) of paragraph (3)(A). 
(4) Paragraph (4). 
(5) Paragraph (5). 
(6) Paragraph (6). 
(7) Paragraph (7). 
(8) Subparagraphs (A) and (B) of paragraph 
(9). 
(b) MODIFICATION OF CREDIT PHASEOUT.— 
(1) REPEAL OF PHASEOUT.—Subsection (b) of 
section 45 is amended— 
(A) by striking paragraph (1), and 
(B) by striking ‘‘the 8 cent amount in 
paragraph (1),’’ in paragraph (2) thereof. 
(2) LIMITATION BASED ON INVESTMENT IN FA-
CILITY.—Subsection (b) of section 45 is amended by 
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inserting before paragraph (2) the following new 
paragraph: 
‘‘(1) LIMITATION
BASED
ON
INVESTMENT
IN 
FACILITY.— 
‘‘(A) IN
GENERAL.—In the case of any 
qualified facility originally placed in service 
after December 31, 2008, the amount of the 
credit determined under subsection (a) for any 
taxable year with respect to electricity produced 
at such facility shall not exceed the product 
of— 
‘‘(i) the applicable percentage with re-
spect to such facility, multiplied by 
‘‘(ii) the eligible basis of such facility. 
‘‘(B) CARRYFORWARD OF UNUSED LIMITA-
TION AND EXCESS CREDIT.— 
‘‘(i) UNUSED
LIMITATION.—If the 
limitation imposed under subparagraph (A) 
with respect to any facility for any taxable 
year exceeds the credit determined under 
subsection (a) (determined without regard 
to this paragraph) with respect to such fa-
cility for such taxable year, the limitation 
imposed under subparagraph (A) with re-
spect to such facility for the succeeding 
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