Page:United States Statutes at Large Volume 119.djvu/1060

 119 STAT. 1042

PUBLIC LAW 109–58—AUG. 8, 2005 ‘‘(iv) for 2004 and later model vehicles, has received a certificate that such vehicle meets or exceeds— ‘‘(I) in the case of a vehicle having a gross vehicle weight rating of 6,000 pounds or less, the Bin 5 Tier II emission standard established in regulations prescribed by the Administrator of the Environmental Protection Agency under section 202(i) of the Clean Air Act for that make and model year vehicle, and ‘‘(II) in the case of a vehicle having a gross vehicle weight rating of more than 6,000 pounds but not more than 8,500 pounds, the Bin 8 Tier II emission standard which is so established, ‘‘(B) the original use of which commences with the taxpayer, ‘‘(C) which is acquired for use or lease by the taxpayer and not for resale, and ‘‘(D) which is made by a manufacturer. ‘‘(4) LIFETIME FUEL SAVINGS.—For purposes of this subsection, the term ‘lifetime fuel savings’ means, in the case of any new advanced lean burn technology motor vehicle, an amount equal to the excess (if any) of— ‘‘(A) 120,000 divided by the 2002 model year city fuel economy for the vehicle inertia weight class, over ‘‘(B) 120,000 divided by the city fuel economy for such vehicle. ‘‘(d) NEW QUALIFIED HYBRID MOTOR VEHICLE CREDIT.— ‘‘(1) IN GENERAL.—For purposes of subsection (a), the new qualified hybrid motor vehicle credit determined under this subsection for the taxable year is the credit amount determined under paragraph (2) with respect to a new qualified hybrid motor vehicle placed in service by the taxpayer during the taxable year. ‘‘(2) CREDIT AMOUNT.— ‘‘(A) CREDIT AMOUNT FOR PASSENGER AUTOMOBILES AND LIGHT TRUCKS.—In the case of a new qualified hybrid motor vehicle which is a passenger automobile or light truck and which has a gross vehicle weight rating of not more than 8,500 pounds, the amount determined under this paragraph is the sum of the amounts determined under clauses (i) and (ii). ‘‘(i) FUEL ECONOMY.—The amount determined under this clause is the amount which would be determined under subsection (c)(2)(A) if such vehicle were a vehicle referred to in such subsection. ‘‘(ii) CONSERVATION CREDIT.—The amount determined under this clause is the amount which would be determined under subsection (c)(2)(B) if such vehicle were a vehicle referred to in such subsection. ‘‘(B) CREDIT AMOUNT FOR OTHER MOTOR VEHICLES.— ‘‘(i) IN GENERAL.—In the case of any new qualified hybrid motor vehicle to which subparagraph (A) does not apply, the amount determined under this paragraph is the amount equal to the applicable percentage of the qualified incremental hybrid cost of the vehicle as certified under clause (v).

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