,,ii #aagth ,,congress #ast ,session ,s4 #bbfg ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,june #bd1 #bjba,ms4 ,klobuchar 7for herself and ,ms4 ,ernst7 introduced the following bill2 which was read twice and referred to the ,committee on ,finance ,a ,,bill ,to amend the ,internal ,revenue ,code of #aihf to provide a tax credit for the production of flexible fuel vehicles1 and to amend title #di1 ,united ,states ,code1 to restore certain flexible fuel vehicle credits4 #a4 ,short title ,this ,act may be cited as the ,clean ,fuels ,vehicle ,act of #bjba4 #b4 ,flexible fuel vehicle production tax credit 7a7 ,in general ,subpart ,d of part ,,iv of subchapter ,a of chapter #a of the ,internal ,revenue ,code of #aihf is amended by adding at the end the following new section3 #de,u4 ,flexible fuel vehicle production credit 7a7 ,in general ,for purposes of section #ch1 in the case of a manufacturer1 the flexible fuel vehicle production credit for any taxable year shall be an amount equal to the product of-- 7#a7 #bjj1 and 7#b7 the number of qualified flexible fuel vehicles-- 7,a7 produced by the taxpayer1 and 7,b7 sold by the taxpayer to an unrelated person in the ,united ,states during the taxable year4 7b7 ,limitation ,the number of qualified flexible fuel vehicles taken into account for any taxable year shall not exceed #be percent of the sum of-- 7#a7 the total number of light duty vehicles produced for model years ending in such taxable year1 plus 7#b7 the total number of light duty trucks produced for model years ending in such taxable year4 7c7 ,qualified flexible fuel vehicle ,for purposes of this section-- 7#a7 ,in general ,the term qualified flexible fuel vehicle means a motor vehicle-- 7,a7 which is engineered and designed to be operated-- 7i7 on a petroleum fuel and on a methanol or ethanol fuel1 or 7ii7 on any mixture of the petroleum fuel and methanol or ethanol1 and 7,b7 which meets the requirements for a flexible fuel vehicle as are prescribed by the ,administrator of the ,environmental ,protection ,agency for purposes of title of the administration of title ,,ii of the ,clean ,air ,act 7#db ,u4,s4,c4 #geba et seq474 7#b7 ,motor vehicle ,the term motor vehicle means any vehicle which is manufactured primarily for use on public streets1 roads1 and highways 7not including a vehicle operated exclusively on a rail or rails7 and which has at least #d wheels4 7d7 ,other definitions and rules 7#a7 ,manufacturer2 other terms ,the terms manufacturer1 light duty vehicle1 light duty truck1 and model year have the meanings given such terms in regulations prescribed by the ,administrator of the ,environmental ,protection ,agency for purposes of the administration of title ,,ii of the ,clean ,air ,act 7#db ,u4,s4,c4 #geba et seq474 7#b7 ,related persons ,persons shall be treated as related to each other if such persons would be treated as a single employer under the regulations prescribed under section #eb7;b74 ,in the case of a corporation which is a member of an affiliated group of corporations filing a consolidated return1 such corporation shall be treated as selling a vehicle to an unrelated person if such vehicle is sold to such a person by another member of such group4 7e7 ,termination ,this section shall not apply to any flexible fuel vehicle produced for any model year ending after #bjca4 4 7b7 ,part of general business credit ,section #ch7;b7 of such ,code is amended by striking plus at the end of paragraph 7#cb71 by striking the period at the end of paragraph 7#cc7 and inserting 1 plus1 and by adding at the end the following new paragraph3 7#cd7 the flexible fuel vehicle production credit determined under section #de,u7a74 4 7c7 ,clerical amendment ,the table of sections for subpart ,d of part ,,iv of subchapter ,a of chapter #a is amended by adding at the end the following new item3 ,sec4 #de,u4 ,flexible fuel vehicle production credit4 4 7d7 ,effective date ,the amendments made by this section shall apply to vehicles produced and sold after the date of the enactment of this ,act1 in taxable years ending after such date4 #c4 ,restoration of certain flexible fuel vehicle credits 7a7 ,restoration of manufacturing incentives for dual fueled automobiles ,section #cbije7;b7 of title #di1 ,united ,states ,code1 is amended1 in the matter preceding paragraph 7#a71 by striking in model years #aiic through #bjai4 7b7 ,repeal of maximum fuel economy increase for alternative fuel automobiles 7#a7 ,in general ,section #cbijf of title #di1 ,united ,states ,code1 is repealed4 7#b7 ,clerical amendment ,the analysis for chapter #cbi of part ,c of subtitle ,,vi of title #di1 ,united ,states ,code1 is amended by striking the item relating to section #cbijf4 7c7 ,testing procedures under the ,clean ,air ,act ,section #bjf of the ,clean ,air ,act 7#db ,u4,s4,c4 #gebe7 is amended-- 7#a7 in subsection 7h71 by striking subsection 7a7 and 7b7 of this section and inserting subsections 7a7 and 7b72 and 7#b7 by adding at the end the following3 7i7 ,not later than #ahj days after the date of enactment of this subsection1 the ,administrator shall review the regulations under subsections 7a7 and 7b7 relating to the testing of motor vehicles and motor vehicle engines to ensure such testing is in accordance with section #cbije7;b7 of title #di1 ,united ,states ,code4 4 7d7 ,conforming amendments 7#a7 ,section #cbija7;c77#a7 of title #di1 ,united ,states ,code1 is amended1 in the first sentence1 by striking under sections #cbije and #cbijf of this title and inserting under section #cbije4 7#b7 ,section #cbije of title #di1 ,united ,states ,code1 is amended by striking subsection 7g74 7#c7 ,section #cbijh7;g77#c7 of title #di1 ,united ,states ,code1 is amended by striking the second sentence4