123STA T . 332 PUBLIC LA W 111 –5—FE B.1 7, 2 0 0 9‘ ‘ (4)TERMINAT I O N .— T his s ub s ect i on sh al lnota p pl y to con v e r sions m a d ea f ter D ecember 31,20 11. ’ ’. (b) C RE D IT TREATED A SP ART O FAL TERNATI V E M OTOR V E H I C LE CREDIT.— S ection 30 B (a) is amended by stri k in g ‘‘and’’ at the end of paragraph (3), by striking the period at the end of paragraph (4) and inserting ‘‘, and’’, and by adding at the end the follo w ing new paragraph
‘‘( 5 ) the plug - in conversion credit determined under sub- section (i).’’. (c) N O R ECA P T U RE FOR VEHICLES CONVERTED TO Q UALIFIED PLU G -IN E LECTRIC DRIVE MOTOR VEHICLES.—Paragraph ( 8 ) of sec- tion 30B(h) is amended by adding at the end the following: ‘‘, e x cept that no benefit shall be recaptured if such property ceases to be eligible for such credit by reason of conversion to a q ualified plug-in electric drive motor vehicle.’’. (d) EFFECTIVE DATE.—The amendments made by this section shall apply to property placed in service after the date of the enactment of this Act. SEC.1 1 4 4. TR E A T M E N T OF A L TERNAT IV E MOTOR VE H ICLE CRE D IT ASA P ERSONAL CREDIT ALLO W EDA G AINST AMT. (a) I N G ENERAL.—Paragraph (2) of section 30B(g) is amended to read as follows: ‘‘(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) L IMITATION B ASED 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, 25D, 30, and 30D) and section 2 7 for the taxable year.’’. (b) CONFORMING AMENDMENTS.— (1)(A) Section 24(b)(3)(B), as amended by this Act, is amended by inserting ‘‘30B,’’ after ‘‘30,’’. (B) Section 25(e)(1)(C)(ii), as amended by this Act, is amended by inserting ‘‘30B,’’ after ‘‘30,’’. (C) Section 25B(g)(2), as amended by this Act, is amended by inserting ‘‘30B,’’ after ‘‘30,’’. (D) Section 26(a)(1), as amended by this Act, is amended by inserting ‘‘30B,’’ after ‘‘30,’’. (E) Section 9 04(i), as amended by this Act, is amended by inserting ‘‘30B,’’ after ‘‘30’’. (F) Section 1400C(d)(2), as amended by this Act, is amended by striking ‘‘and 30’’ and inserting ‘‘30, and 30B’’. (2) Section 30C(d)(2)(A), as amended by this Act, is amended by striking ‘‘sections 27 and 30B’’ and inserting ‘‘sec- tion 27’’. (3) Section 55(c)(3) is amended by striking ‘‘30B(g)(2),’’. 26USC30Bnote. 26 USC 30B.
