1. Short title This Act may be cited as the Save American Vital Energy Jobs Act or the SAVE Jobs Act . 2. Extension of period to begin construction of qualified facilities for carbon oxide sequestration credit Section 45Q(d)(1) of the Internal Revenue Code of 1986 is amended by striking January 1, 2024 and inserting January 1, 2025 . 3. Temporary suspension of rules for capitalization and inclusion in inventory costs of certain expenses for specified entities (a) In general Section 263A(a) of the Internal Revenue Code of 1986 is amended by adding at the end the following: (3) Temporary relief for specified entities (A) In general In the case of any taxpayer which is assigned North American Industry Classification System code 213111, at the election of such taxpayer, this section shall not apply with respect to any costs paid or incurred by such taxpayer which are described in paragraph (2). (B) Termination This paragraph shall not apply to costs paid or incurred after December 31, 2020. . (b) Effective date The amendment made by this section shall apply to costs paid or incurred after December 31, 2019. 4. Reduction of deposit required for certain excise taxes (a) In general If any person is required under section 6302 of the Internal Revenue Code of 1986 to make any deposit of taxes imposed under part III of subchapter A of chapter 32 of such Code which is due after the date of enactment of this Act and before January 1, 2021, such person shall be required to make such deposit in an amount which is equal to 25 percent of the amount which would otherwise be required under section 6302 of such Code with respect to such taxes (as determined without regard to this subsection). (b) Transfers to trust funds For purposes of any appropriation required to be made to any trust fund under subchapter A of chapter 98 of the Internal Revenue Code of 1986 which is based on the amount of any taxes received in the Treasury under part III of subchapter A of chapter 32 of such Code, such amount shall be determined as if