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136 STAT. 1954 PUBLIC LAW 117–169—AUG. 16, 2022 for construction, alteration, or repair of a similar character in the locality in which such residence is located as most recently determined by the Secretary of Labor, in accord- ance with subchapter IV of chapter 31 of title 40, United States Code. ‘‘(B) CORRECTION AND PENALTY RELATED TO FAILURE TO SATISFY WAGE REQUIREMENTS.—Rules similar to the rules of section 45(b)(7)(B) shall apply. ‘‘(3) REGULATIONS AND GUIDANCE.—The Secretary shall issue such regulations or other guidance as the Secretary deter- mines necessary to carry out the purposes of this subsection, including regulations or other guidance which provides for requirements for recordkeeping or information reporting for purposes of administering the requirements of this subsection.’’. (e) BASIS ADJUSTMENT.—Section 45L(e) is amended by inserting after the first sentence the following: ‘‘This subsection shall not apply for purposes of determining the adjusted basis of any building under section 42.’’. (f) EFFECTIVE DATES.— (1) IN GENERAL.—Except as provided in paragraph (2), the amendments made by this section shall apply to dwelling units acquired after December 31, 2022. (2) EXTENSION OF CREDIT.—The amendments made by sub- section (a) shall apply to dwelling units acquired after December 31, 2021. PART 4—CLEAN VEHICLES SEC. 13401. CLEAN VEHICLE CREDIT. (a) PER VEHICLE DOLLAR LIMITATION.—Section 30D(b) is amended by striking paragraphs (2) and (3) and inserting the following: ‘‘(2) CRITICAL MINERALS.—In the case of a vehicle with respect to which the requirement described in subsection (e)(1)(A) is satisfied, the amount determined under this para- graph is $3,750. ‘‘(3) BATTERY COMPONENTS.—In the case of a vehicle with respect to which the requirement described in subsection (e)(2)(A) is satisfied, the amount determined under this para- graph is $3,750.’’. (b) FINAL ASSEMBLY.—Section 30D(d) is amended— (1) in paragraph (1)— (A) in subparagraph (E), by striking ‘‘and’’ at the end, (B) in subparagraph (F)(ii), by striking the period at the end and inserting ‘‘, and’’, and (C) by adding at the end the following: ‘‘(G) the final assembly of which occurs within North America.’’, (2) by adding at the end the following: ‘‘(5) FINAL ASSEMBLY.—For purposes of paragraph (1)(G), the term ‘final assembly’ means the process by which a manu- facturer produces a new clean vehicle at, or through the use of, a plant, factory, or other place from which the vehicle is delivered to a dealer or importer with all component parts necessary for the mechanical operation of the vehicle included with the vehicle, whether or not the component parts are permanently installed in or on the vehicle.’’. Definition. Determinations. Applicability. 26 USC 45L note. 26 USC 45L. Determination. Requirements. Records. Applicability. VerDate Sep 11 2014 13:57 Oct 25, 2022 Jkt 029139 PO 00169 Frm 00138 Fmt 6580 Sfmt 6581 E:\PUBLAW\PUBL169.117 PUBL169 jmbennett on LAP3P8D0R2PROD with Publaw