Tax on corporations — Credits — Alternative fuel vehicle conversion credit and mobile food vendor generator electrification credit

(a) Beginning with the taxable year after December 31, 2013, through the taxable year ending December 31, 2035, there shall be allowed against the tax imposed by § 47-1807.02 a credit in the amount of 50% of the equipment and labor costs directly attributable to the cost to convert a motor vehicle licensed in the District that operates on petroleum diesel or petroleum derived gasoline to a motor vehicle that operates on an alternative fuel, not to exceed $19,000 per vehicle. (a-1) Beginning with the taxable year after December 31, 2025, and ending with the taxable year ending December 31, 2035, a credit shall be allowed against the tax imposed under § 47-1807.02 in the amount of 50% of the equipment and labor costs directly attributable to the replacement of a fossil-fuel-powered generator or other greenhouse-gas or pollution-creating generator with a battery-powered or zero-emissions generator used to supply electrical power to appliances for food preparation and servicing in a mobile vending operation operated by a mobile vendor, not to exceed $15,000 per generator. (b) The credits claimed under this section in any one tax year may not exceed the taxpayer’s tax liability under § 47-1807.02 for that year. The credits shall not be refundable. (c) For the purposes of this section, the term “alternative fuel” shall have the same meaning as provided in § 47-1806.12(f)(1). (d) For the purposes of subsection (a-1) of this section, the term: (1) "Battery-powered generator" means a device that uses a rechargeable battery to store and discharge electrical energy to power appliances or equipment. (2) "Mobile vendor" means a person licensed under District law to sell food or beverages from a mobile vending unit on public space. (3) "Replacement" means the removal, deactivation, or disuse of a fossil-fuel-powered generator such that a battery-powered generator becomes the primary or exclusive source of portable electrical power.