Page:United States Statutes at Large Volume 111 Part 1.djvu/898

 Ill STAT. 874 PUBLIC LAW 105-34—AUG. 5, 1997 (c) CONFORMING AMENDMENT. —Subsection (a) of section 4132 is amended by striking paragraphs (2), (3), (4), and (5) and by redesignating paragraphs (6) through (8) as paragraphs (2) through (4), respectively. 26 USC 4131 (d) EFFECTIVE DATE. —The amendments made by this section note. shall take effect on the day after the date of the enactment of this Act. 26 USC 4132 (e) LIMITATION ON CERTAIN CREDITS OR REFUNDS. — For purnoteposes of applying section 4132(b) of the Internal Revenue Code of 1986 with respect to any claim for credit or refund filed before January 1, 1999, the amount of tax taken into account shall not exceed the tax computed under the rate in effect on the day after the date of the enactment of this Act. SEC. 905. OPERATORS OF MULTIPLE GASOLINE RETAIL OUTLETS TREATED AS WHOLESALE DISTRIBUTOR FOR REFUND PURPOSES. (a) IN GENERAL. —Subparagraph (B) of section 6416(a)(4) (defining wholesale distributor) is amended by adding at the end the following new sentence: "Such term includes any person who makes retail sales of gasoline at 10 or more retail motor fuel outlets.". 26 USC 6416 (b) EFFECTIVE DATE. —The amendment made by subsection (a) note. shall apply to sales after the date of the enactment of this Act. SEC. 906. EXEMPTION OF ELECTRIC AND OTHER CLEAN-FUEL MOTOR VEHICLES FROM LUXURY AUTOMOBILE CLASSIFICATION. (a) IN GENERAL.— Subsection (a) of section 4001 (relating to imposition of tax) is amended to read as follows: "(a) IMPOSITION OF TAX.— "(1) IN GENERAL. —T here is hereby imposed on the 1st retail sale of any passenger vehicle a tax equal to 10 percent of the price for which so sold to the extent such price exceeds the applicable amount. "(2) APPLICABLE AMOUNT. — "(A) IN GENERAL. —Except as provided in subparagraphs (B) and (C), the applicable amount is $30,000. " (B) QUALIFIED CLEAN-FUEL VEHICLE PROPERTY.— In the case of a passenger vehicle which is propelled by a fuel which is not a clean-burning fuel and to which is installed qualified clean-fuel vehicle property (as defined in section 179A(c)(l)(A)) for purposes of permitting such vehicle to be propelled by a clean-burning fuel, the applicable amount is equal to the sum of— "(i) the dollar amount in effect under subparagraph (A), plus "(ii) the increase in the price for which the passenger vehicle was sold (within the meaning of section 4002) due to the installation of such property. " (C) PURPOSE BUILT PASSENGER VEHICLE.— "(i) IN GENERAL.—In the case of a purpose built passenger vehicle, the applicable amount is equal to 150 percent of the dollar amount in effect under subparagraph (A). "(ii) PURPOSE BUILT PASSENGER VEHICLE.—For purposes of clause (i), the term 'purpose built passenger vehicle' means a passenger vehicle produced by an original equipment manufacturer and designed so that the vehicle may be propelled primarily by electricity.".

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