Par. 2. Section 1.25E-2 is amended by: 1. Adding paragraph (b)(3); and 2. Revising paragraph (i). The addition and revision read as follows:
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(b) * * *
(3) Interaction between section 25E and section 45W credits. A credit that has been allowed under section 45W of the Code with respect to a vehicle in a taxable year before the taxable year in which a section 25E credit is allowable for that vehicle does not reduce the amount allowable under section 25E.
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(i) Applicability dates —(1) In general. Except as provided in paragraph (i)(2) of this section, this section applies to previously-owned clean vehicles placed in service after December 31, 2022, in taxable years ending after October 10, 2023.
(2) Paragraph (b)(3) of this section. Paragraph (b)(3) of this section applies to taxable years ending after [date of publication of the final regulations in the Federal Register ].