ELIMINATION OF PHASEOUT FOR DEDUCTION FOR CLEAN-FUEL VEHICLE PROPERTY FOR 2004 AND 2005.

SEC. 319. ELIMINATION OF PHASEOUT FOR DEDUCTION FOR CLEAN-FUEL VEHICLE PROPERTY FOR 2004 AND 2005.(a) In General.—Subparagraph (B) of section 179A(b)(1) is amended to read as follows:“(B) Phaseout.—In the case of any qualified clean-fuel vehicle property placed in service after December 31, 2005, the limit otherwise allowable under subparagraph (A) shall be reduced by 75 percent.”.(b) Effective Date.—The amendment made by subsection (a) shall apply to property placed in service after December 31, 2003.