PUBLIC LAW 109–58—AUG. 8, 2005
119 STAT. 1041
‘‘(D) which is acquired for use or lease by the taxpayer and not for resale, and ‘‘(E) which is made by a manufacturer. ‘‘(c) NEW ADVANCED LEAN BURN TECHNOLOGY MOTOR VEHICLE CREDIT.— ‘‘(1) IN GENERAL.—For purposes of subsection (a), the new advanced lean burn technology motor vehicle credit determined under this subsection for the taxable year is the credit amount determined under paragraph (2) with respect to a new advanced lean burn technology motor vehicle placed in service by the taxpayer during the taxable year. ‘‘(2) CREDIT AMOUNT.— ‘‘(A) FUEL ECONOMY.— ‘‘(i) IN GENERAL.—The credit amount determined under this paragraph shall be determined in accordance with the following table: ‘‘In the case of a vehicle which achieves a fuel economy (expressed as a percentage of the 2002 model year city fuel economy) of— At least 125 percent but less than 150 percent ............................. At least 150 percent but less than 175 percent ............................. At least 175 percent but less than 200 percent ............................. At least 200 percent but less than 225 percent ............................. At least 225 percent but less than 250 percent ............................. At least 250 percent .........................................................................
The credit amount is— $400 $800 $1,200 $1,600 $2,000 $2,400.
‘‘(ii) 2002 MODEL YEAR CITY FUEL ECONOMY.—For purposes of clause (i), the 2002 model year city fuel economy with respect to a vehicle shall be determined on a gasoline gallon equivalent basis as determined by the Administrator of the Environmental Protection Agency using the tables provided in subsection (b)(2)(B) with respect to such vehicle. ‘‘(B) CONSERVATION CREDIT.—The amount determined under subparagraph (A) with respect to a new advanced lean burn technology motor vehicle shall be increased by the conservation credit amount determined in accordance with the following table: ‘‘In the case of a vehicle which achieves a lifetime fuel savThe ings (expressed in gallons of gasoline) of— conservation credit amount is— At least 1,200 but less than 1,800 .................................................. $250 At least 1,800 but less than 2,400 .................................................. $500 At least 2,400 but less than 3,000 .................................................. $750 At least 3,000 .................................................................................... $1,000.
‘‘(3) NEW ADVANCED LEAN BURN TECHNOLOGY MOTOR VEHICLE.—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— ‘‘(i) is designed to operate primarily using more air than is necessary for complete combustion of the fuel, ‘‘(ii) incorporates direct injection, ‘‘(iii) achieves at least 125 percent of the 2002 model year city fuel economy,
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