In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.

[Q]: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Residential Energy Savings Act of 
2013''.

SEC. 2. STATE RESIDENTIAL BUILDING ENERGY EFFICIENCY UPGRADES LOAN 
              PILOT PROGRAM.

    (a) Loans for Residential Building Energy Efficiency Upgrades.--
Part D of title III of the Energy Policy and Conservation Act (42 
U.S.C. 6321 et seq.) is amended by adding at the end the following:

``SEC. 367. LOANS FOR RESIDENTIAL BUILDING ENERGY EFFICIENCY UPGRADES.

    ``(a) Definitions.--In this section:
            ``(1) Consumer-friendly loan repayment approach.--The term 
        `consumer-friendly loan repayment approach' means a loan 
        repayment method that--
                    ``(A) emphasizes convenience for customers;
                    ``(B) is of low cost to consumers; and
                    ``(C) may tie loan repayment to an existing bill of 
                the consumer.
            ``(2) Eligible entity.--The term `eligible entity' means--
                    ``(A) a State or territory of the United States; 
                and
                    ``(B) an Indian tribal government.
            ``(3) Energy advisor program.--
                    ``(A) In general.--The term `energy advisor 
                program' means any program to provide to homeowners or 
                residents advice, information, and support in the 
                identification, prioritization, and implementation of 
                energy efficiency and energy savings measures.
                    ``(B) Inclusions.--The term `energy advisor 
                program' includes a program that provides--
                            ``(i) interpretation of energy audit 
                        reports;
                            ``(ii) assistance in the prioritization of 
                        improvements;
                            ``(iii) assistance in finding qualified 
                        contractors;
                            ``(iv) assistance in contractor bid 
                        reviews;
                            ``(v) education on energy conservation, 
                        renewable energy, and energy efficiency;
                            ``(vi) explanations of available incentives 
                        and tax credits;
                            ``(vii) assistance in completion of rebate 
                        and incentive paperwork; and
                            ``(viii) any other similar type of support.
            ``(4) Energy efficiency.--The term `energy efficiency' 
        means a reduction in energy use, including thermal energy for 
        heating.
            ``(5) Energy efficiency upgrade.--
                    ``(A) In general.--The term `energy efficiency 
                upgrade' means any project or activity carried out on a 
                residential building to increase energy efficiency.
                    ``(B) Inclusions.--The term `energy efficiency 
                upgrade' includes the installation or improvement of 
                renewable energy for heating or electricity generation 
                serving a residential building carried out in 
                conjunction with an energy efficiency project or 
                activity.
            ``(6) Residential building.--
                    ``(A) In general.--The term `residential building' 
                means a building used for residential purposes.
                    ``(B) Inclusions.--The term `residential building' 
                includes--
                            ``(i) a single-family residence;
                            ``(ii) a multifamily residence composed not 
                        more than 4 units; and
                            ``(iii) a mixed-use building that includes 
                        not more than 4 residential units.
    ``(b) Establishment of Program.--
            ``(1) In general.--The Secretary shall establish a program 
        under this part under which the Secretary shall make available 
        to eligible entities loans for the purpose of establishing or 
        expanding programs that provide to residential property owners 
        or tenants financing for energy efficiency upgrades of 
        residential buildings.
            ``(2) No requirement to participate.--No eligible entity 
        shall be required to participate in any manner in the program 
        established under paragraph (1).
    ``(c) Applications.--
            ``(1) In general.--To be eligible to receive a loan under 
        this section, an eligible entity shall submit to the Secretary 
        an application at such time, in such manner, and containing 
        such information as the Secretary may require.
            ``(2) Selection.--In selecting eligible entities to receive 
        loans under this section, the Secretary shall--
                    ``(A) to the maximum extent practicable, ensure--
                            ``(i) that both innovative and established 
                        approaches to the challenges of financing 
                        energy efficiency upgrades are supported;
                            ``(ii) regional diversity among recipients, 
                        including participation by rural States and 
                        small States; and
                            ``(iii) significant participation by low- 
                        and medium-income families;
                    ``(B) evaluate applications based primarily on--
                            ``(i) the projected reduction in energy 
                        use;
                            ``(ii) the extent to which Federal funds 
                        are used to leverage additional funding from 
                        State, local, philanthropic, private sector, 
                        and other sources;
                            ``(iii) the creditworthiness of the 
                        eligible entity; and
                            ``(iv) the incorporation of measures, such 
                        as on-bill repayment, for making the loan 
                        repayment system for recipients of financing as 
                        consumer-friendly as practicable; and
                    ``(C) evaluate applications based secondarily on--
                            ``(i) the extent to which the proposed 
                        financing program of the eligible entity 
                        incorporates best practices for such a program, 
                        as determined by the Secretary;
                            ``(ii) whether the eligible entity has 
                        created a plan for evaluating the effectiveness 
                        of the proposed financing program;
                            ``(iii) the extent to which the proposed 
                        financing program incorporates energy advisor 
                        programs and support programs designed to 
                        increase the effectiveness of the program;
                            ``(iv) the projected quantity of renewable 
                        energy to be generated, to the extent that 
                        renewable energy generation will be included;
                            ``(v) the extent to which the proposed 
                        financing program will be coordinated and 
                        marketed with other existing or planned energy 
                        efficiency programs administered by--
                                    ``(I) utilities;
                                    ``(II) State, tribal, territorial, 
                                or local governments; or
                                    ``(III) community development 
                                financial institutions; and
                            ``(vi) such other factors as the Secretary 
                        determines to be appropriate.
    ``(d) Term; Interest.--
            ``(1) In general.--The Secretary shall establish terms and 
        interest rates for loans provided to eligible entities under 
        this section in a manner that--
                    ``(A) provides for a high degree of cost recovery; 
                and
                    ``(B) ensures that the loans are competitive with, 
                or superior to, other forms of financing for similar 
                purposes.
            ``(2) Performance incentive.--The Secretary shall establish 
        a performance incentive providing a repayment discount for 
        eligible entities in an amount equal to not more than the value 
        of the interest accrued on the loan provided to the applicable 
        eligible entity under this section, based on performance as 
        evaluated in accordance with the factors described in 
        subparagraphs (B) and (C) of subsection (c)(2).
    ``(e) Use of Funds.--
            ``(1) In general.--An eligible entity shall use a loan 
        provided under this section to establish or expand a financing 
        program--
                    ``(A) the purpose of which is to enable residential 
                building owners or tenants to conduct energy efficiency 
                upgrades of residential buildings;
                    ``(B) that may not require any initial capital, 
                excluding fees; and
                    ``(C) that incorporates a consumer-friendly loan 
                repayment approach.
            ``(2) Structure of financing program.--The financing 
        program of an eligible entity may--
                    ``(A) consist--
                            ``(i) primarily or entirely of a financing 
                        program administered by--
                                    ``(I) the applicable State; or
                                    ``(II) a local government, utility, 
                                or other entity; or
                            ``(ii) of a combination of programs 
                        described in clause (i); and
                    ``(B) rely on financing provided by--
                            ``(i) the eligible entity; or
                            ``(ii) a third party, acting through the 
                        eligible entity.
            ``(3) Form of assistance.--Assistance provided by an 
        eligible entity under this subsection may be in the form of--
                    ``(A) a revolving loan fund;
                    ``(B) a credit enhancement structure designed to 
                mitigate the effects of default; or
                    ``(C) a program that--
                            ``(i) adopts any other approach for 
                        providing financing for energy efficiency 
                        upgrades producing significant energy 
                        efficiency gains;
                            ``(ii) produces a high-leverage ratio of 
                        non-Federal funds; and
                            ``(iii) incorporates measures for making 
                        the loan repayment system for recipients of 
                        financing as consumer-friendly as practicable.
            ``(4) Scope of assistance.--Assistance provided by an 
        eligible entity under this subsection may be used to pay for 
        costs associated with carrying out an energy efficiency 
        upgrade, including materials and labor.
    ``(f) Repayment.--An eligible entity shall repay to the Secretary 
the amount of a loan provided under this section, together with--
            ``(1) interest accrued on that amount; and
            ``(2) such fees as the Secretary determines to be necessary 
        to recover any portion of the costs of the program under this 
        section.
    ``(g) Reports.--
            ``(1) Eligible entities.--
                    ``(A) In general.--Not later than 2 years after the 
                date of receipt of the loan, and annually thereafter 
                for the term of the loan, an eligible entity that 
                receives a loan under this section shall submit to the 
                Secretary a report describing the performance of each 
                program and activity carried out using the loan, 
                including anonymized loan performance data.
                    ``(B) Requirements.--The Secretary, in consultation 
                with eligible entities and other stakeholders (such as 
                lending institutions and the real estate industry), 
                shall establish such requirements for the reports under 
                this paragraph as the Secretary determines to be 
                appropriate--
                            ``(i) to ensure that the reports are clear, 
                        consistent, and straightforward; and
                            ``(ii) taking into account the reporting 
                        requirements for similar programs in which the 
                        eligible entities are participating, if any.
            ``(2) Secretary.--The Secretary shall submit to Congress 
        and make available to the public--
                    ``(A) not less frequently than once each year, a 
                report describing the performance of the program under 
                this section, including a synthesis and analysis of the 
                information provided in the reports submitted to the 
                Secretary under paragraph (1)(A); and
                    ``(B) on termination of the program under this 
                section, an assessment of the success of, and education 
                provided by, the measures carried out by eligible 
                entities during the term of the program.
    ``(h) Maximum Amount.--The Secretary may provide to eligible 
entities a total of not more than $2,000,000,000 in loans under this 
section for the costs of activities described in subsection (e).''.
    (b) Reorganization.--
            (1) In general.--Part D of title III of the Energy Policy 
        and Conservation Act (42 U.S.C. 6321 et seq.) is amended--
                    (A) by redesignating sections 362, 363, 364, 365, 
                and 366 as sections 364, 365, 366, 363, and 362, 
                respectively, and moving the sections so as to appear 
                in numerical order;
                    (B) in section 362 (as so redesignated)--
                            (i) in paragraph (3)(B)(i), by striking 
                        ``section 367, and'' and inserting ``section 
                        367 (as in effect on the day before the date of 
                        enactment of the State Energy Efficiency 
                        Programs Improvement Act of 1990 (42 U.S.C. 
                        6201 note; Public Law 101-440)); and''; and
                            (ii) in each of paragraphs (4) and (6), by 
                        striking ``section 365(e)(1)'' each place it 
                        appears and inserting ``section 363(e)(1)'';
                    (C) in section 363 (as so redesignated)--
                            (i) in subsection (b), by striking ``the 
                        provisions of sections 362 and 364 and 
                        subsection (a) of section 363'' and inserting 
                        ``sections 364, 365(a), and 366''; and
                            (ii) in subsection (g)(1)(A), in the second 
                        sentence, by striking ``section 362'' and 
                        inserting ``section 364''; and
                    (D) in section 365 (as so redesignated)--
                            (i) in subsection (a)--
                                    (I) in paragraph (1), by striking 
                                ``section 362,'' and inserting 
                                ``section 364;''; and
                                    (II) in paragraph (2), by striking 
                                ``section 362(b) or (e)'' and inserting 
                                ``subsection (b) or (e) of section 
                                364''; and
                            (ii) in subsection (b)(2), in the matter 
                        preceding subparagraph (A), by striking 
                        ``section 362(b) or (e)'' and inserting 
                        ``subsection (b) or (e) of section 364''.
            (2) Conforming amendments.--Section 391 of the Energy 
        Policy and Conservation Act (42 U.S.C. 6371) is amended--
                    (A) in paragraph (2)(M), by striking ``section 
                365(e)(2)'' and inserting ``section 363(e)(2)''; and
                    (B) in paragraph (10), by striking ``section 362 of 
                this Act'' and inserting ``section 364''.
            (3) Clerical amendment.--The table of contents of the 
        Energy Policy and Conservation Act (42 U.S.C. 6201 note; Public 
        Law 94-163) is amended by striking the items relating to part D 
        of title III and inserting the following:

              ``Part D--State Energy Conservation Programs

``Sec. 361. Findings and purpose.
``Sec. 362. Definitions.
``Sec. 363. General provisions.
``Sec. 364. State energy conservation plans.
``Sec. 365. Federal assistance to States.
``Sec. 366. State energy efficiency goals.
``Sec. 367. Loans for residential building energy efficiency 
                            upgrades.''.

SEC. 3. FUNDING.

    (a) Budgetary Effects.--The budgetary effects of this Act, for the 
purpose of complying with the Statutory Pay-As-You-Go Act of 2010, 
shall be determined by reference to the latest statement titled 
``Budgetary Effects of PAYGO Legislation'' for this Act, submitted for 
printing in the Congressional Record by the Chairman of the Senate 
Budget Committee, provided that such statement has been submitted prior 
to the vote on passage.
    (b) Advance Appropriations Required.--An authorization of 
appropriations under this Act or an amendment made by this Act shall be 
effective for a fiscal year only to the extent and in the amounts 
provided in advance in appropriations Acts.
[A]: Residential Energy Savings Act of 2013 - Amends the Energy Policy and Conservation Act to require the Secretary of Energy (DOE) to establish a voluntary loan program to provide support to states, U.S. territories, and Indian tribal governments (eligible entities) in establishing or expanding programs that provide to residential property owners or tenants financing for energy efficiency upgrades of residential buildings. Authorizes assistance provided by eligible entities to be in the form of a: (1) revolving loan fund; (2) credit enhancement structure designed to mitigate the effects of default; or (3) program that adopts other approaches for providing financing for upgrades producing significant energy efficiency gains, produces a high-leverage ratio of non-federal funds, and incorporates measures for making the loan repayment system for recipients of financing consumer-friendly. Requires the Secretary to establish a performance incentive providing a repayment discount in an amount equal to no more than the value of the interest accrued on the loan provided, based on performance as evaluated in accordance with specified factors. Makes an authorization of appropriations under this Act effective for a fiscal year only to the extent and in the amounts provided in advance in appropriations Acts.


[Q]: SECTION 1. SHORT TITLE; AMENDMENT OF 1986 CODE.

    (a) Short Title.--This Act may be cited as the ``Working Family 
Child Care Tax Relief Act of 1996''.
    (b) Amendment of  1986 Code.--Except as otherwise expressly 
provided, whenever in this Act an amendment or repeal is expressed in 
terms of an amendment to, or repeal of, a section or other provision, 
the reference shall be considered to be made to a section or other 
provision of the Internal Revenue Code of 1986.

SEC. 2. EXPANSION OF CHILD AND DEPENDENT CARE CREDIT.

    (a) Increase in Credit.--Paragraph (2) of section 21(a) (relating 
to credit for expenses for household and dependent care services 
necessary for gainful employment) is amended to read as follows:
            ``(2) Applicable percentage defined.--For purposes of 
        paragraph (1), the term `applicable percentage' means 30 
        percent reduced (but not below 20 percent) by 1 percentage 
        point for each $3,000 (or fraction thereof) by which the 
        taxpayer's adjusted gross income exceeds $50,000.''
    (b) Increase in Maximum Amount Creditable.--
            (1) In general.--Section 21(c) (relating to dollar limit on 
        amount creditable) is amended--
                    (A) by striking ``$2,400'' in paragraph (1) and 
                inserting ``$4,000'', and
                    (B) by striking ``$4,800'' in paragraph (2) and 
                inserting ``$8,000''.
            (2) Phaseout for taxpayers with adjusted gross income in 
        excess of $50,000.--
                    (A) In general.--Section 21(c) is amended by adding 
                at the end the following new paragraph:
            ``(2) Limitation based on adjusted gross income.--If the 
        taxpayer's adjusted gross income for the taxable year exceeds 
        $50,000, the applicable dollar amount under paragraph (1) shall 
        be reduced as follows:
                    ``(A) The $4,000 amount under paragraph (1)(A) 
                shall be reduced (but not below $2,400) by $53.33 for 
                each $1,000 (or fraction thereof) of such excess.
                    ``(B) The $8,000 amount under paragraph (1)(B) 
                shall be reduced (but not below $4,800) by $106.66 for 
                each $1,000 (or fraction thereof) of such excess.''
            (2) Conforming amendments.--Section 21(c), as amended by 
        subsection (b), is amended--
                    (A) by striking ``The amount'' and inserting:
            ``(1) In general.--The amount'',
                    (B) by redesignating paragraphs (1) and (2) as 
                subparagraphs (A) and (B), respectively, and
                    (C) by striking ``paragraph (1) or (2)'' and 
                inserting ``subparagraph (A) or (B)''.
    (c) Credit Made Refundable.--
            (1) In general.--Section 21 (relating to credit for 
        expenses for household and dependent care services), as amended 
        by this section, is transferred to subpart C of part IV of 
        subchapter A of chapter 1, inserted after section 35, and 
        redesignated as section 36.
            (2) Conforming amendments.--
                    (A) Section 129 is amended--
                            (i) by striking ``21(e)'' in subsection 
                        (a)(2)(C) and inserting ``36(e)'',
                            (ii) by striking ``21(d)(2)'' in subsection 
                        (b)(2) and inserting ``36(d)(2)'', and
                            (iii) by striking ``21(b)(2)'' in 
                        subsection (e)(1) and inserting ``36(b)(2)''.
                    (B) Section 213(e) is amended by striking ``section 
                21'' and inserting ``section 36''.
            (3) Clerical amendments.--
                    (A) The table of sections for subpart A of part IV 
                of subchapter A of chapter 1 is amended by striking the 
                item relating to section 21.
                    (B) The table of sections for subpart C of part IV 
                of subchapter A of chapter 1 is amended by adding at 
                the end the following new item:

                              ``Sec. 36. Expenses for household and 
                                        dependent care services 
                                        necessary for gainful 
                                        employment.''
    (d) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 1997.

SEC. 3. OFFSETS OF REVENUE LOSS.

    (a) Modifications to Foreign Earned Income Exclusion.--
            (1) Repeal of $70,000 exclusion.--Paragraph (1) of section 
        911(a) (relating to exclusion from gross income) is amended by 
        inserting ``in the case of taxable years beginning before 
        January 1, 1998,'' before ``the foreign earned income''.
            (2) Qualified schooling expenses.--
                    (A) In general.--Section 911(a) is amended by 
                striking ``and'' at the end of paragraph (1), by 
                striking the period at the end of paragraph (2) and 
                inserting ``, and'', and by adding at the end the 
                following new paragraph:
            ``(3) the qualified schooling expenses of such 
        individual.''
                    (B) Qualified schooling expenses.--Section 911 is 
                amended by redesignating subsections (e) and (f) as 
                subsections (f) and (g) and by inserting after 
                subsection (d) the following new subsection:
    ``(e) Qualified Schooling Expenses.--For purposes of this section--
            ``(1) In general.--For purposes of this section, the term 
        `qualified schooling expenses' means the reasonable schooling 
        expenses paid or incurred by or on behalf of the individual 
        during the taxable year for the education of each dependent of 
        the individual at the elementary or secondary level. For 
        purposes of the preceding sentence, the elementary or secondary 
        level means education which is the equivalent of education from 
        the kindergarten through the 12th grade in a United States-type 
        school.
            ``(2) Expenses included.--For purposes of paragraph (1), 
        the term `schooling expenses' means the cost of tuition, fees, 
        books, and local transportation and of other expenses required 
        by the school. Except as provided in paragraph (3), such term 
        does not include expenses of room and board or expenses of 
        transportation other than local transportation.
            ``(3) Room, board, and travel allowed in certain cases.--If 
        an adequate United States-type school is not available within a 
        reasonable commuting distance of the individual's tax home, the 
        expenses of room and board of the dependent and the expenses of 
        the transportation of the dependent each school year between 
        such tax home and the location of the school shall be treated 
        as schooling expenses.
            ``(4) Determination of reasonable expenses.--If--
                    ``(A) there is an adequate United States-type 
                school available within a reasonable commuting distance 
                of the individual's tax home, and
                    ``(B) the dependent attends a school other than the 
                school referred to in subparagraph (A),
        then the amount taken into account under paragraph (2) shall 
        not exceed the aggregate amount which would be charged for the 
        period by the school referred to in subparagraph (A).
            ``(5) Period taken into account.--An amount shall be taken 
        into account as a qualified schooling expense only if it is 
        attributable to education for a period during which the 
        individual's tax home is in a foreign country.
            ``(6) Special rules where schooling expenses not provided 
        by employer.--
                    ``(A) In general.--To the extent the qualified 
                schooling expenses of any individual for any taxable 
                year is not attributable to employer provided amounts, 
                such expenses shall be treated as a deduction allowable 
                in computing adjusted gross income to the extent of the 
                limitation of subparagraph (B).
                    ``(B) Limitation.--For purposes of subparagraph 
                (A), the limitation of this subparagraph is the excess 
                of--
                            ``(i) the foreign earned income of the 
                        individual for the taxable year, over
                            ``(ii) the amount of such income excluded 
                        from gross income under subsection (a) for the 
                        taxable year.
                    ``(C) 1-year carryover of expenses not allowed by 
                reason of subparagraph (b).--
                            ``(i) In general.--The amount not allowable 
                        as a deduction for any taxable year under 
                        subparagraph (A) by reason of the limitation of 
                        subparagraph (B) shall be treated as a 
                        deduction allowable in computing adjusted gross 
                        income for the succeeding taxable year (and 
                        only for the succeeding taxable year) to the 
                        extent of the limitation of clause (ii) for 
                        such succeeding taxable year.
                            ``(ii) Limitation.--For purposes of clause 
                        (i), the limitation of this clause for any 
                        taxable year is the excess of--
                                    ``(I) the limitation of 
                                subparagraph (B) for such taxable year, 
                                over
                                    ``(II) amounts treated as a 
                                deduction under subparagraph (A) for 
                                such taxable year.
                    ``(D) Employer provided amounts.--For purposes of 
                this paragraph, the term `employer provided amounts' 
                means any amount paid or incurred on behalf of the 
                individual by the individual's employer which is 
                foreign earned income included in the individual's 
                gross income for the taxable year (without regard to 
                this section).''
                    (C) Conforming amendment.--Section 911(d)(7) is 
                amended by inserting ``or (e)(6)(A)'' after 
                ``subsection (c)(3)(A)''.
            (3) Effective date.--The amendments made by this subsection 
        shall apply to taxable years beginning after December 31, 1997.
    (b) Savings From Welfare Reform.--If there is an overall decrease 
in Federal revenues for any fiscal year by reason of this Act (without 
regard to this subsection), such decrease shall be offset by the 
decrease in Federal expenditures for such fiscal year by reason of the 
amendments made by, and provisions of, the Personal Responsibility and 
Work Opportunity Reconciliation Act of 1996 (Public Law 104-193).
[A]: Working Family Child Care Tax Relief Act of 1996 - Amends the Internal Revenue Code with respect to the child and dependent care credit to:  (1) increase such credit and make it refundable; and (2) provide it with an income-based phaseout and limitation. 
Eliminates the foreign earned income exclusion as of a specified date.  Allows an exclusion for overseas qualified elementary and secondary schooling expenses.


[Q]: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Commercial Motor Vehicle Advanced 
Safety Technology Tax Act of 2007''.

SEC. 2. FINDINGS.

    Congress makes the following findings:
            (1) Commercial motor vehicle crashes remain a primary 
        source of concern in the United States, particularly in light 
        of the increasing numbers of trucks and motorcoaches on the 
        Nation's roads and their critical role in the transportation of 
        hazardous materials.
            (2) A 2004 report by the National Cooperative Highway 
        Research Program found that when a large truck is involved in a 
        crash, it is about 2.6 times as likely to result in a fatality 
        compared with passenger cars.
            (3) The number of fatalities associated with large truck 
        crashes is a significant portion of all crash fatalities in the 
        United States. In 2005, 5,212 individuals died and 114,000 
        individuals were injured as a result of large truck-related 
        crashes in the United States. Overall, from 2001 to 2005, there 
        have been 25,533 large truck-related fatalities in the United 
        States.
            (4) In addition to the tremendous human loss, these crashes 
        also impose a significant economic cost on society. The 
        Department of Transportation estimates that highway crashes 
        cost society $230.6 billion a year, about $820 per person. A 
        2006 report issued by the Federal Motor Carrier Safety 
        Administration determined that the estimated cost of each crash 
        involving a truck with a gross vehicle weight rating of more 
        than 10,000 pounds is $91,112 while the average cost of a fatal 
        crash is $3,604,518.
            (5) Investments by vehicle suppliers and truck and 
        motorcoach manufacturers in research and innovative design have 
        created a new generation of advanced safety systems and 
        technologies.
            (6) Advanced safety technologies will directly address, and 
        help mitigate the effects of, commercial motor vehicle crash 
        scenarios.
            (7) The Department of Transportation has set a goal to 
        reduce the traffic fatality rate to 1.0 per hundred million 
        vehicle miles traveled by 2011.
            (8) The accelerated production, sale, and deployment of 
        advanced safety technologies on commercial motor vehicles can 
        speed the progress toward this critical goal and reduce the 
        daily injuries and fatalities on the Nation's roads and 
        highways. This progress would also help to mitigate the 
        societal cost of these crashes.
            (9) Therefore, Congress finds that it is in the interest of 
        the United States to increase the deployment of advanced 
        vehicle safety technologies on commercial motor vehicles in the 
        domestic market by providing businesses with tax incentives, 
        designed to make such systems more affordable for purchase.

SEC. 3. CREDIT FOR ADVANCED COMMERCIAL VEHICLE SAFETY SYSTEMS.

    (a) In General.--Subpart D of part IV of subchapter A of chapter 1 
of the Internal Revenue Code of 1986 (relating to business related 
credits) is amended by adding at the end the following new section:

``SEC. 45O. CREDIT FOR COMMERCIAL VEHICLE ADVANCED SAFETY SYSTEMS.

    ``(a) Allowance of Credit.--For purposes of section 38, the 
commercial vehicle advanced safety system credit determined under this 
section is an amount equal to 50 percent of the cost of any qualified 
commercial vehicle advanced safety system placed in service by the 
taxpayer during the taxable year.
    ``(b) Limitations.--
            ``(1) Per system.--The credit allowable under subsection 
        (a) for each qualified commercial vehicle advanced safety 
        system shall not exceed $1,500.
            ``(2) Per vehicle.--The credit allowable under subsection 
        (a) with respect to property for each qualified commercial 
        vehicle shall not exceed--
                    ``(A) $3,500, reduced by
                    ``(B) the aggregate amount of credit allowed to the 
                taxpayer under this section with respect to such 
                vehicle for all prior taxable years.
            ``(3) Per taxpayer.--The credit allowable under subsection 
        (a) to the taxpayer for the taxable year shall not exceed 
        $350,000.
    ``(c) Qualified Commercial Vehicle Advanced Safety System.--For 
purposes of this section, the term `qualified commercial vehicle 
advanced safety system' means any property which is part of a system 
installed on a qualified commercial vehicle if--
            ``(1)(A) such system is a brake stroke monitoring system, 
        lane departure warning system, collision warning system, or 
        vehicle stability system, or
            ``(B) such system is specifically identified by the 
        Administrator of the Federal Motor Carrier Safety 
        Administration or the Administrator of the National Highway 
        Traffic Safety Administration for the purposes of this 
        paragraph as significantly enhancing the safety or security of 
        the driver, vehicle, passengers, or load of a qualified 
        commercial vehicle and such identification is in effect as of 
        the date such system is placed in service by the taxpayer,
            ``(2) such system is certified by the manufacturer of such 
        system (before such vehicle is first used by the taxpayer for 
        its intended purpose after installation of such system)--
                    ``(A) to be appropriate for the make, type, and 
                model of the qualified commercial vehicle on which it 
                is to be installed, and
                    ``(B) to function as designed if installed 
                properly,
            ``(3) in the case of a system which is not installed by the 
        manufacturer of the qualified commercial vehicle or by an 
        installer authorized by the manufacturer of such system, such 
        system is certified by the installer of such system to be 
        properly installed and functioning on the vehicle before such 
        vehicle is first used by the taxpayer for its intended purpose 
        after installation of such system,
            ``(4) the original use of such system begins with the 
        taxpayer, and
            ``(5) depreciation (or amortization in lieu of 
        depreciation) is allowable with respect to such system.
    ``(d) Qualified Commercial Vehicle.--For purposes of this section--
            ``(1) In general.--The term `qualified commercial vehicle' 
        means any highway motor vehicle if--
                    ``(A) such vehicle--
                            ``(i) is to be used to transport persons or 
                        property in commerce, and
                            ``(ii) has a gross combination weight 
                        rating or a gross vehicle weight rating of 
                        26,001 pounds or more, or
                            ``(iii) the seating capacity of which is at 
                        least 15 individuals (not including the 
                        driver),
                    ``(B) the seating capacity of such vehicle is at 
                least 11 individuals (not including the driver) and 
                such vehicle is reasonably expected to be used as a 
                school bus (as defined in section 4221(d)(7)(C)), or
                    ``(C) such vehicle is reasonably expected to be 
                used as an intercity or local bus (as defined in 
                section 4221(d)(7)(B)).
    ``(e) Other Definitions.--For purposes of this section--
            ``(1) Brake stroke monitoring system.--The term `brake 
        stroke monitoring system' means any onboard-monitoring system 
        for air-braked vehicles that--
                    ``(A) uses electronic sensors to determine if the 
                brakes are out of adjustment, not operational, or not 
                fully releasing, and
                    ``(B) displays warnings to the driver showing the 
                existence and exact location and nature of the problem.
            ``(2) Lane departure warning system.--The term `lane 
        departure warning system' means any system that alerts a driver 
        (including audio, visual, and tactile warnings) of unintended 
        movement out of the lane of travel or of an object or vehicle 
        in the adjacent lane blind spot.
            ``(3) Collision warning system.--The term `collision 
        warning system' means any system that monitors the roadway in 
        front or to the rear of the vehicle and warns the driver when a 
        potential collision risk exists by providing the driver with an 
        audible, visual, or tactile notification.
            ``(4) Vehicle stability system.--The term `vehicle 
        stability system' means any active safety system that 
        automatically intervenes when there is a high risk of rollover 
        or directional instability. For purposes of the preceding 
        sentence, active interventions include automatically reducing 
        vehicle speed or by selectively applying appropriate brakes to 
        better align the vehicle to the appropriate path of travel.
    ``(f) Controlled Groups.--
            ``(1) In general.--For purposes of this section, all 
        persons treated as a single employer under subsection (a) or 
        (b) of section 52 or subsection (m) or (o) of section 414 shall 
        be treated as a single taxpayer.
            ``(2) Inclusion of foreign corporations.--For purposes of 
        paragraph (1), in applying subsections (a) and (b) of section 
        52 to this section, section 1563 shall be applied without 
        regard to subsection (b)(2)(C) thereof.
    ``(g) Special Rules.--
            ``(1) Basis reduction.--The basis of any property for which 
        a credit is allowable under subsection (a) shall be reduced by 
        the amount of such credit.
            ``(2) Recapture.--The Secretary shall, by regulations, 
        provide for recapturing the benefit of any credit allowable 
        under subsection (a) with respect to any property which ceases 
        to be property eligible for such credit.
            ``(3) Property used outside united states not qualified.--
        No credit shall be allowed under subsection (a) with respect to 
        any property referred to in section 50(b)(1) or with respect to 
        the portion of the cost of any property taken into account 
        under section 179.
            ``(4) Property used by tax-exempt entity.--In the case of 
        any qualified commercial vehicle advanced safety system the use 
        of which is described in paragraph (3) or (4) of section 50(b) 
        and which is not subject to a lease--
                    ``(A) the person who sold such property to the 
                person or entity using such property shall be treated 
                as the taxpayer that placed such property in service, 
                but only if such person clearly discloses to such 
                person or entity in a document the amount of any credit 
                allowable under subsection (a) with respect to such 
                property (determined without regard to section 38(c)), 
                and
                    ``(B) paragraphs (2) and (3) of subsection (c) 
                shall not apply to such person with respect to such 
                property.
            ``(5) Election not to take credit.--No credit shall be 
        allowed under subsection (a) for any qualified commercial 
        vehicle advanced safety system if the taxpayer elects to not 
        have this section apply to such system.
    ``(h) Supporting Documentation.--No credit shall be allowed under 
subsection (a) unless the qualified commercial vehicle owner receives 
such documentation as the Secretary may require, including--
            ``(1) at the time of purchase of the qualified advanced 
        commercial vehicle advanced safety system--
                    ``(A) documentation that identifies--
                            ``(i) the type of each such system to be 
                        installed on the vehicle, and
                            ``(ii) the purchase date of the vehicle 
                        containing such system (or the installation 
                        date of such system in the case of installation 
                        after the date of the first retail sale of such 
                        vehicle), and
                    ``(B) the certification required under subsection 
                (c)(2), and
            ``(2) in the case of a system for which a certification is 
        required under subsection (c)(3), at the time of the 
        installation of such system, the certification required under 
        subsection (c)(3).
    ``(i) Termination.--This section shall not apply to property placed 
in service after December 31, 2012.''.
    (b) Credit To Be Part of General Business Credit.--Subsection (b) 
of section 38 of such Code (relating to general business credit ) is 
amended by striking ``plus'' at the end of paragraph (30), by striking 
the period at the end of paragraph (31) and inserting ``, plus'', and 
by adding at the end the following new paragraph:
            ``(32) the commercial vehicle advanced safety system credit 
        determined under section 45O(a).''.
    (c) Conforming Amendments.--
            (1) Section 1016(a) of such Code is amended by striking 
        ``and'' at the end of paragraph (36), by striking the period at 
        the end of paragraph (37) and inserting ``, and'', and by 
        adding at the end the following new paragraph:
            ``(38) to the extent provided in section 45O(g)(1).''.
            (2) Subsection (m) of section 6501 of such Code is amended 
        by inserting ``45O(g)(5),'' after ``45C(d)(4),''.
            (3) The table of sections for subpart D of part IV of 
        subchapter A of chapter 1 of such Code is amended by inserting 
        after the item relating to section 45N the following new item:

``Sec. 45O. Credit for commercial vehicle advanced safety systems.''.
    (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.
[A]:
Commercial Motor Vehicle Advanced Safety Technology Tax Act of 2007 - Amends the Internal Revenue Code to allow a general business tax credit for 50% of the cost of placing in service any qualified commercial vehicle advanced safety system. Defines "qualified commercial vehicle advanced safety system" as a manufacturer-certified brake stroke monitoring system, lane departure warning system, collision warning system, or vehicle stability system identified by the Federal Motor Carrier Safety Administration or the National Highway Traffic Safety Administration as significantly enhancing the safety or security of commercial drivers, vehicles, or passengers. Terminates such credit after 2012.