SEC. 2. INCREASE IN ALTERNATIVE MOTOR VEHICLE CRED-
IT AMOUNT FOR NEW QUALIFIED ALTER-
NATIVE FUEL MOTOR VEHICLES WEIGHING 
MORE THAN 26,000 POUNDS. 
(a) IN GENERAL.—Subparagraph (D) of section 
30B(e)(3) of the Internal Revenue Code of 1986 is amend-
ed by striking ‘‘$40,000’’ and inserting ‘‘$80,000’’. 
(b) EFFECTIVE DATE.—The amendment made by 
subsection (a) shall apply to property placed in service 
after the date of the enactment of this Act. 
SEC. 3. INCREASE IN CREDIT FOR CERTAIN ALTERNATIVE 
FUEL VEHICLE REFUELING PROPERTIES. 
(a) IN GENERAL.—Subsection (b) of section 30C of 
the Internal Revenue Code of 1986 is amended by striking 
paragraphs (1) and (2) and inserting the following: 
‘‘(1) except as provided in paragraph (2), 
$30,000 in the case of a property of a character 
subject to an allowance for depreciation, 
‘‘(2) in the case of a compressed natural gas, 
liquefied natural gas, or liquefied petroleum gas 
property the aggregate cost of which exceeds 
$100,000, the lesser of— 
‘‘(A) 30 percent of such cost, or 
‘‘(B) $100,000, and 
‘‘(3) $2,000 in any other case.’’. 
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(b) EFFECTIVE DATE.—The amendment made by 
subsection (a) shall apply to property placed in service 
after the date of the enactment of this Act. 
SEC. 4. ALLOWANCE OF CREDITS AGAINST REGULAR AND 
MINIMUM TAX. 
(a) BUSINESS CREDITS.—Subparagraph (B) of sec-
tion 38(c)(4) of the Internal Revenue Code of 1986 is 
amended by striking ‘‘and’’ at the end of clause (vii), by 
striking the period at the end of clause (viii) and inserting 
a comma, and by inserting after clause (viii) the following 
new clauses: 
‘‘(ix) the portion of the credit deter-
mined under section 30B which is attrib-
utable to the application of subsection 
(e)(3)(D) thereof, and 
‘‘(x) the portion of the credit deter-
mined under section 30C which is attrib-
utable to compressed natural gas, liquefied 
natural gas, or liquefied petroleum gas 
property.’’. 
(b) PERSONAL CREDITS.— 
(1) 
NEW
QUALIFIED
ALTERNATIVE
FUEL 
MOTOR
VEHICLES
WEIGHING
MORE
THAN
26,000 
POUNDS.—Subsection (g) of section 30B of such 
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Code is amended by adding at the end the following 
new paragraph: 
‘‘(3) SPECIAL
RULE
RELATING
TO
CERTAIN 
NEW QUALIFIED ALTERNATIVE FUEL MOTOR VEHI-
CLES.—In the case of the portion of the credit deter-
mined under subsection (a) which is attributable to 
the application of subsection (e)(3)(D)— 
‘‘(A) paragraph (2) shall (after the appli-
cation of paragraph (1)) be applied separately 
with respect to such portion, and 
‘‘(B) in lieu of the limitation determined 
under paragraph (2), such limitation shall not 
exceed the excess (if any) of— 
‘‘(i) the sum of the regular tax liabil-
ity (as defined in section 26(b)) plus the 
tentative minimum tax for the taxable 
year, reduced by 
‘‘(ii) the sum of the credits allowable 
under subpart A and sections 27 and 30.’’. 
(2) ALTERNATIVE FUEL VEHICLE REFUELING 
PROPERTIES.—Subsection (d) of section 30C of such 
Code is amended by adding at the end the following 
new paragraph: 
‘‘(3) SPECIAL RULE RELATING TO CERTAIN AL-
TERNATIVE
FUEL
VEHICLE
REFUELING
PROP-
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ERTIES.—In the case of the portion of the credit de-
termined under subsection (a) which is attributable 
to compressed natural gas, liquefied natural gas, or 
liquefied petroleum gas property— 
‘‘(A) paragraph (2) shall (after the appli-
cation of paragraph (1)) be applied separately 
with respect to such portion, and 
‘‘(B) in lieu of the limitation determined 
under paragraph (2), such limitation shall not 
exceed the excess (if any) of— 
‘‘(i) the sum of the regular tax liabil-
ity (as defined in section 26(b)) plus the 
tentative minimum tax for the taxable 
year, reduced by 
‘‘(ii) the sum of the credits allowable 
under subpart A and sections 27, 30, and 
the portion of the credit determined under 
section 30B which is attributable to the 
application of subsection (e)(3)(D) there-
of.’’. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years ending after the 
date of the enactment of this Act. 
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SEC. 5. CREDIT RELATING TO NEW QUALIFIED ALTER-
NATIVE FUEL MOTOR VEHICLES WEIGHING 
MORE THAN 26,000 POUNDS MAY BE TRANS-
FERRED. 
(a) IN GENERAL.—Subsection (h) of section 30B is 
amended by adding at the end the following new para-
graph: 
‘‘(11) TRANSFERABILITY OF CREDIT.—Nothing 
in any law or rule of law shall be construed to limit 
the transferability, through sale and repurchase 
agreements, of the credit allowed by reason of sub-
section (e)(3)(D).’’. 
(b) EFFECTIVE DATE.—The amendment made by 
this section shall apply with respect to vehicles placed in 
service after the date of the enactment of this Act. 
Æ 
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