(a) In general.—Section 45D(f)(1)(H) is amended by striking “for for each of calendar years 2020 through 2025” and inserting “ for each calendar year after 2019”.
(b) Carryover of unused limitation.—Section 45D(f)(3) is amended—
(1) by striking “If the” and inserting the following:
“(A) IN GENERAL.—If the”, and
(2) by striking the second sentence and inserting the following:
“(B) LIMITATION.—No amount may be carried under subparagraph (A) to any calendar year afer the fifth calendar year after the calendar year in which the excess described in such subparagraph occurred. For purposes of this subparagraph, any excess described in subparagraph (A) with respect to any calendar year before 2026 shall be treated as occurring in calendar year 2025.”.
(c) Effective date.—The amendments made by this section shall apply to calendar years beginning after December 31, 2025.