activity bond rules (1) Treatment under private activity bond volume cap Subsection (g) of section 146 of the Internal Revenue Code of 1986 is amended by striking and at the end of paragraph (3), by striking the period at the end of paragraph (4) and inserting , and , and by inserting after paragraph (4) the following new paragraph: (5) any Move America bond. . (2) Special rule on use for land acquisition Subparagraph (A) of section 147(c)(1) of the Internal Revenue Code of 1986 is amended by inserting (50 percent in the case of any issue of Move America bonds) after 25 percent . (3) Special rules for rehabilitation expenditures (A) Inclusion of certain expenditures Subparagraph (B) of section 147(d)(3) of the Internal Revenue Code of 1986 is amended by inserting , except that, in the case of any Move America bond, such term shall include any expenditure described in clause (v) thereof before the period at the end. (B) Period for expenditures Subparagraph (C) of section 147(d)(3) of such Code is amended by inserting (5 years, in the case of any Move America bond) after 2 years . (c) Treatment under the alternative minimum tax Subparagraph (C) of section 57(a)(5) of the Internal Revenue Code of 1986 is amended by adding at the end the following new clause: (vii) Exception for Move America bonds For purposes of clause (i), the term private activity bond shall not include any Move America bond (as defined in section 142A). . (d) Effective date The amendments made by this section shall apply to obligations issued in calendar years beginning after the date of the enactment of this Act. 4. Move America credits (a) In general Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after the section relating to section 42 the following new section: 42A. Move America credits (a) Move America project credits (1) In general For purposes of section 38, the Move America project credit for any taxable year in the credit period is an amount equal to 10 percent of the