article: SECTION 1. SHORT TITLE. This Act may be cited as the ``Clean Alternatives for Energy Independence Act of 2005''. SEC. 2. REPEAL OF TAX SUBSIDIES ENACTED BY THE ENERGY POLICY ACT OF 2005 FOR OIL AND GAS. (a) Repeal.--The following provisions, and amendments made by such provisions, of the Energy Policy Act of 2005 are hereby repealed: (1) Section 1323 (relating to temporary expensing for equipment used in refining of liquid fuels). (2) Section 1324 (relating to pass through to owners of deduction for capital costs incurred by small refiner cooperatives in complying with Environmental Protection Agency sulfur regulations). (3) Section 1325 (relating to natural gas distribution lines treated as 15-year property). (4) Section 1326 (relating to natural gas gathering lines treated as 7-year property). (5) Section 1328 (relating to determination of small refiner exception to oil depletion deduction). (6) Section 1329 (relating to amortization of geological and geophysical expenditures). (b) Administration of Internal Revenue Code of 1986.--The Internal Revenue Code of 1986 shall be applied and administered as if the provisions, and amendments, specified in subsection (a) had never been enacted. SEC. 3. INCREASE IN FUEL CELL TAX INCENTIVES FOR RESIDENTIAL AND BUSINESS USES. (a) Residential Use.--Subparagraph (C) of section 25D(b)(1) of the Internal Revenue Code of 1986 (relating to maximum credit) is amended by striking ``$500'' and inserting ``$1,000''. (b) Business Use.-- (1) Increase.--Subparagraph (B) of section (48)(c)(1) of such Code (relating to qualified fuel cell property) is amended by striking ``$500'' and inserting ``$1,000''. (2) Extension.--Subparagraph (E) of section (48)(c)(1) of such Code (relating to termination) is amended by striking ``December 31, 2007'' and inserting ``December 31, 2012''. SEC. 4. ALTERNATIVE MOTOR VEHICLE TAX INCENTIVES. (a) Increases in Credit.-- (1) New qualified fuel cell motor vehicle.--Subsection (b) of section 30B of such Code (relating to new qualified fuel cell motor vehicle credit) is amended-- (A) in paragraph (1)-- (i) by striking ``$8,000'' in subparagraph (A) and inserting ``$16,000'', (ii) by striking ``$10,000'' in subparagraph (B) and inserting ``$20,000'', (iii) by striking ``$20,000'' in subparagraph (C) and inserting ``$40,000'', and (iv) by striking ``$40,000'' in subparagraph (D) and inserting ``$80,000'', and (B) in paragraph (2)(A)-- (i) by striking ``$1,000'' in clause (i) and inserting ``$2,000'', (ii) by striking ``$1,500'' in clause (ii) and inserting ``$3,000'', (iii) by striking ``$2,000'' in clause (iii) and inserting ``$4,000'', (iv) by striking ``$2,500'' in clause (iv) and inserting ``$5,000'', (v) by striking ``$3,000'' in clause (v) and inserting ``$6,000'', (vi) by striking ``$3,500'' in clause (vi) and inserting ``$7,000'', and (vii) by striking ``$4,000'' in clause (vii) and inserting ``$8,000''. (2) New advanced lean burn technology motor vehicle.-- (A) Fuel economy.--The table in clause (i) of section 30B(c)(2)(A) of such Code (relating to fuel economy) is amended-- (i) by striking ``$400'' and inserting ``$800'', (ii) by striking ``$800'' and inserting ``$1,600'', (iii) by striking ``$1,200'' and inserting ``$2,400'', (iv) by striking ``$1,600'' and inserting ``$3,200'', (v) by striking ``$2,000'' and inserting ``$4,000'', and (vi) by striking ``$2,400'' and inserting ``$4,800''. (B) Conservation.--The table in subparagraph (B) of section 30B(c)(2) of such Code (relating to conservation credit) is amended-- (i) by striking ``$250'' and inserting ``$500'', (ii) by striking ``$500'' and inserting ``$1,000'', (iii) by striking ``$750'' and inserting ``$1,500'', and (iv) by striking ``$1,000'' and inserting ``$2,000''. (b) Expansion of Number of New Qualified Hybrid and Advanced Lean Burn Technology Vehicles Eligible for Credit.--Paragraph (2) of section 30B(f) of such Code (relating to phaseout) is amended by striking ``60,000'' and inserting ``120,000''. (c) Increase in Credit for Alternative Fuel Vehicle Refueling Property.--Subsection (b) of section 30C of such Code (relating to limitation) is amended-- (1) in paragraph (1) by striking ``$30,000'' and inserting ``$60,000'', and (2) in paragraph (2) by striking ``$1,000'' and inserting ``$2,000''. (d) Extensions of Incentives.-- (1) New qualified fuel cell motor vehicle.--Paragraph (1) of section 30B(j) of such Code (relating to termination) is amended by striking ``December 31, 2014'' and inserting ``December 31, 2019''. (2) Alternative fuel vehicle refueling property.-- (A) Hydrogen-related property.--Paragraph (1) of section 30C(g) of such Code (relating to termination) is amended by striking ``December 31, 2014'' and inserting ``December 31, 2019''. (B) Other fuels-related property.--Paragraph (2) of section 30C(g) of such Code (relating to termination) is amended by striking ``December 31, 2009'' and inserting ``December 31, 2011''. (e) Effective Date.--The amendments made by this section shall take effect as if included in the provisions of the Energy Policy Act of 2005 to which they relate.
summary: Clean Alternatives for Energy Independence Act of 2005 - Repeals certain tax benefits relating to oil and natural gas enacted by the Energy Policy Act of 2005. Amends the Internal Revenue Code to increase: (1) the tax credit for investment in residential and business fuel cell property; (2) the tax credit for investment in fuel cell motor and advanced lean burn technology motor vehicles; (3) the number of hybrid and advanced lean burn technology vehicles eligible for the alternative motor vehicle tax credit; and (4) the tax credit for investment in commercial and residential alternative fuel vehicle refueling property. Extends through 2012 the tax credit for business fuel cell property. Extends through 2019 the tax credits for: (1) investment in qualified fuel cell motor vehicles; (2) investment in alternative fuel vehicle refueling hydrogen-related property (through 2011 for other fuel-related property).