123STA T . 32 6PUBLIC LA W 111 –5—FE B.1 7, 2 0 0 9PARTV— P LUG-INE LE C TRIC D RIVE MO TOR VE H ICLE SSEC.1 1 4 1.C R E DITFO R N E WQUAL IFIED P LU G- IN ELECTRIC DRI V E M OTOR VE H ICLES. (a)INGE NE RAL.—Section30D i s a m en d ed to r ead as f o l lo w s
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‘SEC. 30 D. NEW QUALIFIED PLUG-IN ELECTRIC DRIVE MOTOR VEHICLES. ‘ ‘(a) A LL OW AN C EO FC RE DIT .— Th ere shall b e allowed as a credit a g ainst the ta x im p osed b y this chapter for the taxable year an amo u nte q ual to the sum of the credit amounts determined under subsection (b) with respect to each new qualified plug - in electric dri v e motor vehicle placed in service by the taxpayer during the taxable year. ‘‘(b) P ER V E H ICLE DOLLAR L I M ITATION.— ‘‘( 1 )IN G ENERAL.—The amount determined under this sub- section with respect to any new qualified plug-in electric drive motor vehicle is the sum of the amounts determined under paragraphs ( 2 ) and (3) with respect to such vehicle. ‘‘(2) B A S E AMO U NT.—The amount determined under this paragraph is $ 2 ,5 00. ‘‘(3) BATTER Y CA P ACITY.—In the case of a vehicle which draws propulsion energy from a battery with not less than 5 k ilowatt hours of capacity, the amount determined under this paragraph is $ 4 1 7 , plus $417 for each kilowatt hour of capacity in excess of 5 kilowatt hours. The amount determined under this paragraph shall not exceed $5,000. ‘‘(c) APPLICATION W ITH O THER CREDITS.— ‘‘(1) BUSINESS CREDIT TREATED AS PART OF GENERAL B USI- NESS CREDIT.—So much of the credit which would be allowed under subsection (a) for any taxable year (determined without regard to this subsection) that is attributable to property of a character sub j ect to an allowance for depreciation shall be treated as a credit listed in section 3 8 (b) for such taxable year (and not allowed under subsection (a)). ‘‘(2) PERSONAL CREDIT.— ‘‘(A) IN GENERAL.— F or purposes of this title, the credit allowed under subsection (a) for any taxable year (deter- mined after application of paragraph (1)) shall be treated as a credit allowable under subpart A for such taxable year. ‘‘(B) LIMITATION BASED ON AMOUNT OF TA X .—In the case of a taxable year to which section 2 6 (a)(2) does not apply, the credit allowed under subsection (a) for any tax- able year (determined after application of paragraph (1)) shall not exceed the excess of— ‘‘(i) the sum of the regular tax liability (as defined in section 26(b)) plus the tax imposed by section 55, over ‘‘(ii) the sum of the credits allowable under subpart A (other than this section and sections 23 and 25D) and section 27 for the taxable year. ‘‘(d) N EW Q UALIFIED PLUG-IN E LECTRIC DRI V E M OTOR VEHICLE.—For purposes of this section— ‘‘(1) IN GENERAL.—The term ‘new qualified plug-in electric drive motor vehicle ’ means a motor vehicle— 26USC30D.
