I 
108TH CONGRESS 
2D SESSION 
H. R. 4205 
To amend the Internal Revenue Code of 1986 to allow a credit for the 
installation of hydrogen fueling stations. 
IN THE HOUSE OF REPRESENTATIVES 
APRIL 22, 2004 
Mr. COX introduced the following bill; which was referred to the Committee 
on Ways and Means 
A BILL 
To amend the Internal Revenue Code of 1986 to allow a 
credit for the installation of hydrogen fueling stations. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. CREDIT FOR INSTALLATION OF HYDROGEN 
FUELING STATIONS. 
(a) IN GENERAL.—Subpart B of part IV of sub-
chapter A of chapter 1 of the Internal Revenue Code of 
1986 (relating to foreign tax credit, etc.) is amended by 
adding at the end the following new section:
‘‘(d) APPLICATION WITH OTHER CREDITS.—The 
credit allowed under subsection (a) for any taxable year 
shall not exceed the excess (if any) of— 
‘‘(1) the regular tax for the taxable year re-
duced by the sum of the credits allowable under sub-
part A and sections 27, 29, 30, and 30A, over 
‘‘(2) the tentative minimum tax for the taxable 
year. 
‘‘(e) BASIS REDUCTION.—For purposes of this title, 
the basis of any property shall be reduced by the portion 
of the cost of such property taken into account under sub-
section (a). 
‘‘(f) NO DOUBLE BENEFIT.—No deduction shall be 
allowed under section 179A with respect to any property 
with respect to which a credit is allowed under subsection 
(a). 
‘‘(g) CARRYFORWARD ALLOWED.— 
‘‘(1) IN GENERAL.—If the credit amount allow-
able under subsection (a) for a taxable year exceeds 
the amount of the limitation under subsection (d) 
for such taxable year (referred to as the ‘unused 
credit year’ in this subsection), such excess shall be 
allowed as a credit carryforward for each of the 20 
taxable years following the unused credit year.
‘‘(2) RULES.—Rules similar to the rules of sec-
tion 39 shall apply with respect to the credit 
carryforward under paragraph (1). 
‘‘(h) SPECIAL RULES.—Rules similar to the rules of 
paragraphs (4) and (5) of section 179A(e) shall apply. 
‘‘(i) REGULATIONS.—The Secretary shall prescribe 
such regulations as necessary to carry out the provisions 
of this section. 
‘‘(j) TERMINATION.—This section shall not apply to 
any property placed in service after December 31, 2013.’’. 
(b) CONFORMING AMENDMENTS.— 
(1) Section 1016(a) of such Code is amended 
by striking ‘‘and’’ at the end of paragraph (27), by 
striking the period at the end of paragraph (28) and 
inserting ‘‘, and’’, and by adding at the end the fol-
lowing new paragraph: 
‘‘(29) to the extent provided in section 
30B(e).’’. 
(2) Section 55(c)(2) of such Code is amended 
by inserting ‘‘30B(d),’’ after ‘‘30(b)(3),’’. 
(3) The table of sections for subpart B of part 
IV of subchapter A of chapter 1 of such Code is 
amended by inserting after the item relating to sec-
tion 30A the following new item: 
‘‘Sec. 30B. Hydrogen-powered vehicle refueling property credit.’’.
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to property placed in service in 
taxable years beginning after the date of the enactment 
of this Act. 
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