SECTION 4. CREDIT AMOUNT

.01 In general . If a new advanced lean burn technology motor vehicle or a new qualified hybrid passenger automobile or light truck sold by Volkswagen Group of America is purchased for use or lease after July 1, 2010, the allowable credit is as follows:

(1) For vehicles purchased for use or lease on or after July 1, 2010, and on or before December 31, 2010, the credit is 50 percent of the otherwise allowable amount determined under § 30B(c) or (d) (whichever is applicable);

(2) For vehicles purchased for use or lease on or after January 1, 2011, no credit is allowable, not because of the phase-out provisions of § 30B(f) but because the credits under § 30B(c) and § 30B(d) expire for vehicles purchased after that date.

.02 Certified Vehicles. The following tables set forth the credit available on or after July 1, 2010, for advanced lean burn motor vehicles for which Volkswagen Group of America received an acknowledgement of its certification from the Service.

June 7, 2010 733 2010–23 I.R.B.

The principal author of this notice is Patrick S. Kirwan of the Office of Associate Chief Counsel (Passthroughs & Special Industries). For further information regarding this notice, contact Mr. Kirwan at (202) 622–3110 (not a toll-free call).

Qualifying Therapeutic Discovery Project Credit

Notice 2010–45