under this section shall be made not later than the due date for the return of tax for the electing taxpayer’s taxable year with respect to which the credit was determined. (B) No further transfers No election may be made under this subsection by a taxpayer with respect to any portion of the credit allowed under this section which has been previously transferred to such taxpayer under this subsection. (6) Treatment of transfer under private use rules For purposes of section 141(b)(1), any benefit derived by an eligible project partner in connection with an election under this subsection shall not be taken into account as a private business use. (7) Additional election requirements The Secretary may prescribe such regulations as may be appropriate to carry out the purposes of this subsection, including— (A) rules for determining which persons are eligible project partners with respect to any energy property, and (B) requiring information to be included in an election under paragraph (1) or imposing additional reporting requirements. . (2) Normalization rules Section 50(d) of such Code is amended by adding at the end the following: In the case of any energy property with respect to which an election is made under section 48(e)(1), the rules of the section 46(f) referred to in paragraph (2) shall apply only to the extent of amounts paid in consideration of the transfer to which such election relates. . (c) Credit for carbon oxide sequestration Subparagraph (B) of section 45Q(f)(3) of the Internal Revenue Code of 1986 is amended to read as follows: (B) Transfer of credit (i) In general If the person described in subparagraph (A) elects to transfer all (or any portion specified in the election) of the credit determined under this section for any taxable year with respect to any qualified facility to an eligible project partner for a specified period, then, the eligible project partner specified in such election (and not the person described in subparagraph (A)) shall be treated for purposes of this title with respect