123STA T . 331 PUBLIC LA W 111 –5—FE B.1 7, 2 0 0 9stre ets , r oad s,a n d hig h w a y s ( not in clu ding a v ehicle o p erated e x clusively on a rail or rails ) and which has at least 4 wheels .’ ’. ( 3 ) S ection 3 0C (d)( 2 )( A )isa m ended b y stri k ing ‘ ‘, 30,’’. (4)(A) Section 5 3(d)( 1 )( B ) is amended by striking clause (iii) and redesignating clause (iv) as clause (iii). (B) Subclause ( I I)o f section 53(d)(1)(B)(iii), as so redesig - nated, is amended by striking ‘‘increased in the manner pro- vided in clause (iii)’’. (5) Section 55(c)(3) is amended by striking ‘‘30(b)(3),’’. ( 6 ) Section 1016(a)(25) is amended by striking ‘‘section 30(d)(1)’’ and inserting ‘‘section 30(e)(1)’’. ( 7 ) Section 6501(m) is amended by striking ‘‘section 30(d)(4)’’ and inserting ‘‘section 30(e)(6)’’. ( 8 ) T he item in the table of sections for subpart B of part I V of subchapter A of chapter 1 is amended to read as follows
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‘ Sec.30 . C e rtainplug- in electric v e h icle s . ’ ’. (c) EF F ECTIV E DA TE. — The amendments made by this section shall apply to vehicles ac q uired after the date of the enactment of this Act. (d) T R A NS ITI O NA LRU LE.—In the case of a vehicle acquired after the date of the enactment of this Act and before J anuary 1, 2010, no credit shall be allowed under section 30 of the Internal Revenue Code of 1 9 86, as added by this section, if credit is allowable under section 30D of such Code with respect to such vehicle. (e) A P PLICATION OF E G TRRA SUNSET.—The amendment made by subsection (b)(1)(A) shall be sub j ect to title I X of the Economic Growth and Tax Relief Reconciliation Act of 2001 in the same manner as the provision of such Act to which such amendment relates. SEC.1 1 43 .C ONV E R S I ON K I T S. (a) IN GENERAL.—Section 30B (relating to alternative motor vehicle credit) is amended by redesignating subsections (i) and (j) as subsections (j) and (k), respectively, and by inserting after subsection (h) the following new subsection: ‘‘(i) P LU G -IN CONVERSION CRE D IT.— ‘‘(1) IN GENERAL.— F or purposes of subsection (a), the plug- in conversion credit determined under this subsection with respect to any motor vehicle which is converted to a qualified plug-in electric drive motor vehicle is 10 percent of so much of the cost of the converting such vehicle as does not exceed $ 40,000. ‘‘(2) Q UALIFIED PLUG-IN ELECTRIC DRIVE M OTOR VE H ICLE.— 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, deter- mined without regard to whether such vehicle is made by a manufacturer or whether the original use of such vehicle commences with the taxpayer). ‘‘(3) CREDIT ALLO W ED IN ADDITION TO OTHER CREDITS.— The credit allowed under this subsection shall be allowed with respect to a motor vehicle notwithstanding whether a credit has been allowed with respect to such motor vehicle under this section (other than this subsection) in any preceding tax- able year. 26USC 2 4note.Tim e p e r io d . 26 USC 30 note. 26 USC 24 note. 26 USC 30C.
