Page:United States Statutes at Large Volume 116 Part 1.djvu/85

 PUBLIC LAW 107-147—MAR. 9, 2002 116 STAT. 59 TITLE VI—EXTENSIONS OF CERTAIN EXPIRING PROVISIONS 26 USC 23 note. Applicability. 26 USC 26 note. SEC. 601. ALLOWANCE OF NONREFUNDABLE PERSONAL CREDITS AGAINST REGULAR AND MINIMUM TAX LIABILITY. (a) IN GENERAL. — Paragraph (2) of section 26(a) is amended— 26 USC 26 (1) by striking "RULE FOR 2000 AND 2001.— " and inserting " RULE FOR 2000, 2001, 2002, AND 2003.—", and (2) by striking "during 2000 or 2001," and inserting "during 2000, 2001, 2002, or 2003,". (b) CONFORMING AMENDMENTS.— (1) Section 904(h) is amended by striking "during 2000 or 2001" and inserting "during 2000, 2001, 2002, or 2003". (2) The amendments made by sections 201(b), 202(f), and 618(b) of the Economic Growth and Tax Relief ReconciHation Act of 2001 shall not apply to taxable years beginning during 2002 and 2003. (c) EFFECTIVE DATE. —The amendments made by this section shall apply to taxable years beginning after December 31, 2001. SEC. 602. CREDIT FOR QUALIFIED ELECTRIC VEHICLES. (a) IN GENERAL.—Section 30 is amended— (1) in subsection (b)(2)— (A) by striking "December 31, 2001," and inserting "December 31, 2003,", and (B) in subparagraphs (A), (B), and (C), by striking "2002", "2003", and "2004", respectively, and inserting "2004", "2005", and "2006", respectively, and (2) in subsection (e), by striking "December 31, 2004" and inserting "December 31, 2006". (b) CONFORMING AMENDMENTS.— (1) Subparagraph (C) of section 280F(a)(l) is amended by adding at the end the following new clause: "(iii) APPLICATION OF SUBPARAGRAPH. —This subparagraph shall apply to property placed in service after August 5, 1997, and before January 1, 2007.". (2) Subsection (b) of section 971 of the Taxpayer Relief Act of 1997 is amended by striking "and before January 1, 2005". (c) EFFECTIVE DATE. —The amendments made by this section shall apply to property placed in service after December 31, 2001. SEC. 603. CREDIT FOR ELECTRICITY PRODUCED FROM CERTAIN RENEWABLE RESOURCES. (a) IN GENERAL. —Subparagraphs (A), (B), and (C) of section 45(c)(3) are both amended by striking "2002" and inserting "2004". (b) EFFECTIVE DATE. —The amendments made by subsection (a) shall apply to facilities placed in service after December 31, 2001. SEC. 604. WORK OPPORTUNITY CREDIT. (a) IN GENERAL. —Subparagraph (B) of section 51(c)(4) is amended by striking "2001" and inserting "2003". (b) EFFECTIVE DATE. —The amendment made by subsection (a) shall apply to individuals who begin work for the employer after December 31, 2001. .,, 26 USC 280F note. Applicability. 26 USC 30 note. Applicability. 26 USC 45 note. Applicability. 26 USC 51 note.

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