A bill to amend the Internal Revenue Code of 1954 to repeal the requirement that operating capacity must increase for purposes of the energy credit allowed for intercity buses, and for other purposes.

Amends the Internal Revenue Code to repeal the requirement that the operating capacity of intercity buses must increase for such property to qualify for the investment tax credit. Treats a lessee of such property, in the case of an election with respect to applying the energy percentage, as having acquired the property for purposes of applying the energy percentage only.