its structural components), but only if such property is used as an integral part of the renewable chemical production facility, and (B) with respect to which depreciation (or amortization in lieu of depreciation) is allowable. (3) Renewable chemical The term renewable chemical has the meaning given such term by section 45S(c)(1). (d) Certain qualified progress expenditures rules made applicable Rules similar to the rules of subsections (c)(4) and (d) of section 46 (as in effect on the day before the enactment of the Revenue Reconciliation Act of 1990) shall apply for purposes of this section. (e) National limitation on credits for renewable chemicals (1) In general Not later than 180 days after the date of the enactment of this section, the Secretary, in consultation with the Secretary of Agriculture, shall establish a program to allocate credit amounts under this section and section 45S to taxpayers who produce renewable chemicals for taxable years ending after the date of the enactment of this section. (2) Limitations (A) Aggregate limitation The total amount of credits that may be allocated under such program shall not exceed $500,000,000. (B) Taxpayer limitation The amount of credits that may be allocated to any taxpayer for any taxable year under such program shall not exceed $25,000,000. For purposes of the preceding sentence, all persons treated as a single employer under subsection (a) or (b) of section 52, or subsection (m) or (o) of section 414, shall be treated as one taxpayer. (3) Selection criteria In determining to which taxpayers to make allocations of the credit amount under such program, the Secretary shall take into consideration— (A) the number of jobs created and maintained (directly and indirectly) in the United States (including territories and possessions of the United States) as a result of such allocation during the credit period and thereafter, (B) the degree to which the production of the renewable chemical demonstrates reduced dependence on imported feedstocks, petroleum,