PUBLIC LAW 109–432—DEC. 20, 2006
120 STAT. 2957
(c) EFFECTIVE DATE.—The amendments made by this section shall apply to costs paid or incurred after the date of the enactment of this Act.
26 USC 179E note.
SEC. 405. MINE RESCUE TEAM TRAINING TAX CREDIT.
(a) IN GENERAL.—Subpart D of part IV of subchapter A of chapter 1 (relating to business related credits) is amended by adding at the end the following new section: ‘‘SEC. 45N. MINE RESCUE TEAM TRAINING CREDIT.
‘‘(a) AMOUNT OF CREDIT.—For purposes of section 38, the mine rescue team training credit determined under this section with respect to each qualified mine rescue team employee of an eligible employer for any taxable year is an amount equal to the lesser of— ‘‘(1) 20 percent of the amount paid or incurred by the taxpayer during the taxable year with respect to the training program costs of such qualified mine rescue team employee (including wages of such employee while attending such program), or ‘‘(2) $10,000. ‘‘(b) QUALIFIED MINE RESCUE TEAM EMPLOYEE.—For purposes of this section, the term ‘qualified mine rescue team employee’ means with respect to any taxable year any full-time employee of the taxpayer who is— ‘‘(1) a miner eligible for more than 6 months of such taxable year to serve as a mine rescue team member as a result of completing, at a minimum, an initial 20-hour course of instruction as prescribed by the Mine Safety and Health Administration’s Office of Educational Policy and Development, or ‘‘(2) a miner eligible for more than 6 months of such taxable year to serve as a mine rescue team member by virtue of receiving at least 40 hours of refresher training in such instruction. ‘‘(c) ELIGIBLE EMPLOYER.—For purposes of this section, the term ‘eligible employer’ means any taxpayer which employs individuals as miners in underground mines in the United States. ‘‘(d) WAGES.—For purposes of this section, the term ‘wages’ has the meaning given to such term by subsection (b) of section 3306 (determined without regard to any dollar limitation contained in such section). ‘‘(e) TERMINATION.—This section shall not apply to taxable years beginning after December 31, 2008.’’. (b) CREDIT MADE PART OF GENERAL BUSINESS CREDIT.—Section 38(b) is amended by striking ‘‘and’’ at the end of paragraph (29), by striking the period at the end of paragraph (30) and inserting ‘‘, plus’’, and by adding at the end the following new paragraph: ‘‘(31) the mine rescue team training credit determined under section 45N(a).’’. (c) NO DOUBLE BENEFIT.—Section 280C is amended by adding at the end the following new subsection: ‘‘(e) MINE RESCUE TEAM TRAINING CREDIT.—No deduction shall be allowed for that portion of the expenses otherwise allowable as a deduction for the taxable year which is equal to the amount of the credit determined for the taxable year under section 45N(a).’’.
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26 USC 280C.
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