SECTION 3. SCOPE OF NOTICE

This notice provides certification procedures for the QAFMV credit under § 30B(a)(4) and (e). In addition, the notice provides guidance with respect to certain issues relating to qualification for and computation of the QAFMV credit. This notice does not address a number of other issues that are common to all motor vehicles that qualify for credits under § 30B. These include: (1) the rules under which lessors may claim the credits allowable under § 30B; (2) the rule preventing the credits from being used to reduce alternative minimum tax liability; and (3) recapture of the credits. The Service and Treasury Department expect to issue separate guidance relating to these issues.