Page:United States Statutes at Large Volume 119.djvu/1965

 PUBLIC LAW 109–59—AUG. 10, 2005

119 STAT. 1947

(b) CREDIT FOR ALTERNATIVE FUEL AND ALTERNATIVE FUEL MIXTURES.— (1) IN GENERAL.—Section 6426(a) (relating to allowance of credits) is amended to read as follows: ‘‘(a) ALLOWANCE OF CREDITS.—There shall be allowed as a credit— ‘‘(1) against the tax imposed by section 4081 an amount equal to the sum of the credits described in subsections (b), (c), and (e), and ‘‘(2) against the tax imposed by section 4041 an amount equal to the sum of the credits described in subsection (d). No credit shall be allowed in the case of the credits described in subsections (d) and (e) unless the taxpayer is registered under section 4101.’’. (2) ALTERNATIVE FUEL AND ALTERNATIVE FUEL MIXTURE CREDIT.—Section 6426 (relating to credit for alcohol fuel and biodiesel mixtures) is amended by redesignating subsections (d) and (e) as subsections (f) and (g) and by inserting after subsection (c) the following new subsections: ‘‘(d) ALTERNATIVE FUEL CREDIT.— ‘‘(1) IN GENERAL.—For purposes of this section, the alternative fuel credit is the product of 50 cents and the number of gallons of an alternative fuel or gasoline gallon equivalents of a nonliquid alternative fuel sold by the taxpayer for use as a fuel in a motor vehicle or motorboat, or so used by the taxpayer. ‘‘(2) ALTERNATIVE FUEL.—For purposes of this section, the term ‘alternative fuel’ means— ‘‘(A) liquefied petroleum gas, ‘‘(B) P Series Fuels (as defined by the Secretary of Energy under section 13211(2) of title 42, United States Code), ‘‘(C) compressed or liquefied natural gas, ‘‘(D) liquefied hydrogen, ‘‘(E) any liquid fuel derived from coal (including peat) through the Fischer-Tropsch process, and ‘‘(F) liquid hydrocarbons derived from biomass (as defined in section 29(c)(3)). Such term does not include ethanol, methanol, or biodiesel. ‘‘(3) GASOLINE GALLON EQUIVALENT.—For purposes of this subsection, the term ‘gasoline gallon equivalent’ means, with respect to any nonliquid alternative fuel, the amount of such fuel having a Btu content of 124,800 (higher heating value). ‘‘(4) TERMINATION.—This subsection shall not apply to any sale or use for any period after September 30, 2009 (September 30, 2014, in the case of any sale or use involving liquefied hydrogen). ‘‘(e) ALTERNATIVE FUEL MIXTURE CREDIT.— ‘‘(1) IN GENERAL.—For purposes of this section, the alternative fuel mixture credit is the product of 50 cents and the number of gallons of alternative fuel used by the taxpayer in producing any alternative fuel mixture for sale or use in a trade or business of the taxpayer. ‘‘(2) ALTERNATIVE FUEL MIXTURE.—For purposes of this section, the term ‘alternative fuel mixture’ means a mixture of alternative fuel and taxable fuel (as defined in subparagraph (A), (B), or (C) of section 4083(a)(1)) which—

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