123STA T . 32 5PUBLIC LA W 111 – 5 —FE B.1 7, 2 0 0 9SEC.1 1 23 . T E MPORA R YIN CREASE IN CRE D IT F ORA L TERNATI V EF U EL VE H ICLE REFUELIN G PROPERTY. (a)INGE NE RAL.—Section30C (e) i s a m en d ed by addin g att h e end the f o l lo w ing new p a r agraph
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‘( 6 )S P E CI ALR U LE FO R PROPER TY PLACE D IN S ER V ICE DURIN G20 0 9 AND 20 1 0.—In the case of property placed in ser v ice in ta x able years beginning after D ecember 3 1,2 00 8 , and before J an u ary 1, 2011— ‘‘( A ) in the case of any such property which does not relate to hydrogen— ‘‘(i) subsection (a) shall be applied by substituting ‘ 5 0 percent ’ for ‘30 percent’, ‘‘(ii) subsection (b)(1) shall be applied by sub - stituting ‘ $ 50,000’ for ‘$30,000’, and ‘‘(iii) subsection (b)(2) shall be applied by sub- stituting ‘$2,000’ for ‘$1,000’, and ‘‘( B ) in the case of any such property which relates to hydrogen, subsection (b)(1) shall be applied by sub- stituting ‘$200,000’ for ‘$30,000’.’’. (b) E FFECTIVE DATE.— T he amendment made by this section shall apply to taxable years beginning after December 31, 2008. PARTIV—MOD I F I C ATIO N OF CR E DIT FOR CAR B ON DIO X IDE S E QU ESTRATION SEC. 1131. APPLICATION OF MONITORING RE Q UIREMENTS TO CAR B ON DIO X IDE USED AS A TERTIARY IN J ECTANT. (a) IN GENERAL.—Section 4 5 Q (a)(2) is amended by stri k ing ‘‘and’’ at the end of subparagraph (A), by striking the period at the end of subparagraph (B) and inserting ‘‘, and’’, and by adding at the end the following new subparagraph: ‘‘(C) disposed of by the taxpayer in secure geological storage.’’. (b) CONFOR M ING AMENDMENTS.— (1) Section 45Q(d)(2) is amended— (A) by striking ‘‘subsection (a)(1)(B)’’ and inserting ‘‘paragraph (1)(B) or (2)(C) of subsection (a)’’, (B) by striking ‘‘and unminable coal seems’’ and inserting ‘‘, oil and gas reservoirs, and unminable coal seams’’, and (C) by inserting ‘‘the Secretary of Energy, and the Secretary of the Interior,’’ after ‘‘Environmental P rotection Agency’’. (2) Section 45Q(a)(1)(B) is amended by inserting ‘‘and not used by the taxpayer as described in paragraph (2)(B)’’ after ‘‘storage’’. (3) Section 45Q(e) is amended by striking ‘‘captured and disposed of or used as a tertiary in j ectant’’ and inserting ‘‘taken into account in accordance with subsection (a)’’. (c) EFFECTIVE DATE.—The amendments made by this section shall apply to carbon dioxide captured after the date of the enact- ment of this Act. 26USC45Qnote. 26 USC 30 C note. Ap p licab ilit y . 26 USC 30C.
