Source: http://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title26-section30B&num=0&edition=prelim
Timestamp: 2019-06-18 00:55:04
Document Index: 204364416

Matched Legal Cases: ['§ 30', '§30', '§1341', '§402', '§205', '§1141', '§10909', '§101', '§104', '§218', '§193', '§40403', '§7401', '§7521', '§218', '§220', '§10909', '§1143', '§1141', '§1144', '§1142', '§1143', '§412', '§402', '§40403', '§193', '§218', '§1141', '§1143', '§1341']

[USC10] 26 USC 30B: Alternative motor vehicle credit
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26 USC 30B: Alternative motor vehicle credit Text contains those laws in effect on June 16, 2019
§30B. Alternative motor vehicle credit
There shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount equal to the sum of-
For purposes of subsection (a), the new qualified fuel cell motor vehicle credit determined under this subsection with respect to a new qualified fuel cell motor vehicle placed in service by the taxpayer during the taxable year is-
The amount determined under paragraph (1)(A) with respect to a new qualified fuel cell motor vehicle which is a passenger automobile or light truck shall be increased by-
The 2002 model year city fuel economy is:
For purposes of this subsection, the term "new qualified fuel cell motor vehicle" means a motor vehicle-
city fuel economy) of-
The credit amount is-
gallons of gasoline) of-
The conservation credit amount is-
For purposes of this subsection, the term "new advanced lean burn technology motor vehicle" means a passenger automobile or a light truck-
(A) with an internal combustion engine which-
(iv) for 2004 and later model vehicles, has received a certificate that such vehicle meets or exceeds-
For purposes of this subsection, the term "lifetime fuel savings" means, in the case of any new advanced lean burn technology motor vehicle, an amount equal to the excess (if any) of-
For purposes of clause (i), the applicable percentage is-
For purposes of this subparagraph, the qualified incremental hybrid cost of any vehicle is equal to the amount of the excess of the manufacturer's suggested retail price for such vehicle over such price for a comparable vehicle, to the extent such amount does not exceed-
The term "new qualified hybrid motor vehicle" means a motor vehicle-
(i) which draws propulsion energy from onboard sources of stored energy which are both-
(iii) which has a maximum available power of at least-
For purposes of paragraph (1), the applicable percentage with respect to any new qualified alternative fuel motor vehicle is-
(B) 30 percent, if such vehicle-
For purposes of this subsection, the incremental cost of any new qualified alternative fuel motor vehicle is equal to the amount of the excess of the manufacturer's suggested retail price for such vehicle over such price for a gasoline or diesel fuel motor vehicle of the same model, to the extent such amount does not exceed-
The term "new qualified alternative fuel motor vehicle" means any motor vehicle-
In the case of a mixed-fuel vehicle placed in service by the taxpayer during the taxable year, the credit determined under this subsection is an amount equal to-
For purposes of this subsection, the term "mixed-fuel vehicle" means any motor vehicle described in subparagraph (C) or (D) of paragraph (3), which-
The amount of any deduction or other credit allowable under this chapter-
(B) with respect to a vehicle described under subsection (b) or (c), shall be reduced by the amount of credit allowed under subsection (a) for such vehicle for the taxable year (determined without regard to subsection (g)).
Unless otherwise provided in this section, a motor vehicle shall not be considered eligible for a credit under this section unless such vehicle is in compliance with-
For purposes of this subsection, the term "qualified plug-in electric drive motor vehicle" means any new qualified plug-in electric drive motor vehicle (as defined in section 30D, determined without regard to whether such vehicle is made by a manufacturer or whether the original use of such vehicle commences with the taxpayer).
This section shall not apply to any property purchased after-
(1) in the case of a new qualified fuel cell motor vehicle (as described in subsection (b)), December 31, 2017,
(Added Pub. L. 109–58, title XIII, §1341(a), Aug. 8, 2005, 119 Stat. 1038 ; amended Pub. L. 109–135, title IV, §§402(j), 412(d), Dec. 21, 2005, 119 Stat. 2615 , 2636; Pub. L. 110–343, div. B, title II, §205(b), Oct. 3, 2008, 122 Stat. 3838 ; Pub. L. 111–5, div. B, title I, §§1141(b)(1), 1142(b)(2), 1143(a)–(c), 1144(a), Feb. 17, 2009, 123 Stat. 328 , 330-332; Pub. L. 111–148, title X, §10909(b)(2)(G), (c), Mar. 23, 2010, 124 Stat. 1023 ; Pub. L. 111–312, title I, §101(b)(1), Dec. 17, 2010, 124 Stat. 3298 ; Pub. L. 112–240, title I, §104(c)(2)(H), Jan. 2, 2013, 126 Stat. 2322 ; Pub. L. 113–295, div. A, title II, §§218(a), 220(a), Dec. 19, 2014, 128 Stat. 4035 ; Pub. L. 114–113, div. Q, title I, §193(a), Dec. 18, 2015, 129 Stat. 3075 ; Pub. L. 115–123, div. D, title I, §40403(a), Feb. 9, 2018, 132 Stat. 148 .)
The Clean Air Act, referred to in text, is act July 14, 1955, ch. 360, 69 Stat. 322 , as amended, which is classified generally to chapter 85 (§7401 et seq.) of Title 42, The Public Health and Welfare. Title II of the Act, known as the National Emissions Standards Act, is classified generally to subchapter II (§7521 et seq.) of chapter 85 of Title 42. Sections 202(i), 209(b), and 243(e)(2) of the Act are classified to sections 7521(i), 7543(b), and 7583(e)(2), respectively, of Title 42. For complete classification of this Act to the Code, see Short Title note set out under section 7401 of Title 42 and Tables.
2018-Subsec. (k)(1). Pub. L. 115–123 substituted "December 31, 2017" for "December 31, 2016".
2015-Subsec. (k)(1). Pub. L. 114–113 substituted "December 31, 2016" for "December 31, 2014".
2014-Subsec. (h)(5)(B). Pub. L. 113–295, §218(a), inserted "(determined without regard to subsection (g))" before period at end.
Subsec. (h)(8). Pub. L. 113–295, §220(a), substituted "vehicle), except that" for "vehicle)., except that".
2013-Subsec. (g)(2). Pub. L. 112–240 amended par. (2) generally. Prior to amendment, par. (2) related to personal credit with a limitation based on amount of tax.
2010-Subsec. (g)(2)(B)(ii). Pub. L. 111–148, §10909(b)(2)(G), (c), as amended by Pub. L. 111–312, temporarily struck out "23," before "25D,". See Effective and Termination Dates of 2010 Amendment note below.
2009-Subsec. (a)(5). Pub. L. 111–5, §1143(b), added par. (5).
Subsec. (d)(3)(D). Pub. L. 111–5, §1141(b)(1), substituted "subsection (c) thereof" for "subsection (d) thereof".
Subsec. (g)(2). Pub. L. 111–5, §1144(a), amended par. (2) generally. Prior to amendment, text read as follows: "The credit allowed under subsection (a) (after the application of paragraph (1)) for any taxable year shall not exceed the excess (if any) of-
"(A) the regular tax liability (as defined in section 26(b)) reduced by the sum of the credits allowable under subpart A and sections 27 and 30, over
Subsec. (h)(1). Pub. L. 111–5, §1142(b)(2), amended par. (1) generally. Prior to amendment, text read as follows: "The term 'motor vehicle' has the meaning given such term by section 30(c)(2)."
Subsec. (h)(8). Pub. L. 111–5, §1143(c), inserted at end ", except that no benefit shall be recaptured if such property ceases to be eligible for such credit by reason of conversion to a qualified plug-in electric drive motor vehicle."
2008-Subsec. (d)(3)(D). Pub. L. 110–343 added subpar. (D).
2005-Subsec. (g)(2)(A). Pub. L. 109–135, §412(d), substituted "regular tax liability (as defined in section 26(b))" for "regular tax".
Subsec. (h)(6). Pub. L. 109–135, §402(j), inserted at end "For purposes of subsection (g), property to which this paragraph applies shall be treated as of a character subject to an allowance for depreciation."
Pub. L. 115–123, div. D, title I, §40403(b), Feb. 9, 2018, 132 Stat. 148 , provided that: "The amendment made by this section [amending this section] shall apply to property purchased after December 31, 2016."
Pub. L. 114–113, div. Q, title I, §193(b), Dec. 18, 2015, 129 Stat. 3076 , provided that: "The amendment made by this section [amending this section] shall apply to property purchased after December 31, 2014."
Pub. L. 113–295, div. A, title II, §218(c), Dec. 19, 2014, 128 Stat. 4035 , provided that: "The amendments made by this section [amending this section and section 30C of this title] shall take effect as if included in the provision of the Energy Tax Incentives Act of 2005 [Pub. L. 109–58, title XIII] to which it relates."
Pub. L. 111–5, div. B, title I, §1141(c), Feb. 17, 2009, 123 Stat. 328 , provided that: "The amendments made by this section [amending this section and sections 30D, 38, 1016, and 6501 of this title] shall apply to vehicles acquired after December 31, 2009."
Pub. L. 111–5, div. B, title I, §1143(d), Feb. 17, 2009, 123 Stat. 332 , provided that: "The amendments made by this section [amending this section] shall apply to property placed in service after the date of the enactment of this Act [Feb. 17, 2009]."
Pub. L. 109–58, title XIII, §1341(c), Aug. 8, 2005, 119 Stat. 1049 , provided that: "The amendments made by this section [enacting this section and amending sections 38, 55, 1016, and 6501 of this title] shall apply to property placed in service after December 31, 2005, in taxable years ending after such date."