; termination (1) Phase out In the case of any sale or use after December 31, 2022, subsections (b)(1)(A) and (b)(2)(A) shall be applied by substituting for $1.00 — (A) $.75 , if such sale or use is before January 1, 2024, (B) $.50 , if such sale or use is after December 31, 2023, and before January 1, 2025, and (C) $.33 , if such sale or use is after December 31, 2024, and before January 1, 2026. (2) Termination This section shall not apply to any sale or use after December 31, 2025. . (b) Excise tax incentives (1) Phase out Section 6426(c)(2) is amended to read as follows: (2) Applicable amount For purposes of this subsection, the applicable amount is— (A) $1.00 in the case of any sale or use for any period before January 1, 2023, (B) $.75 in the case of any sale or use for any period after December 31, 2022, and before January 1, 2024, (C) $.50 in the case of any sale or use for any period after December 31, 2023, and before January 1, 2025, and (D) $.33 in the case of any sale or use for any period after December 31, 2024, and before January 1, 2026. . (2) Termination (A) In general Section 6426(c)(6) is amended by striking December 31, 2022 and inserting December 31, 2025 . (B) Payments Section 6427(e)(6)(B) is amended by striking December 31, 2022 and inserting December 31, 2025 . (c) Effective date The amendments made by this section shall apply to fuel sold or used after December 31, 2022. 202. Extension of excise tax credits relating to alternative fuels (a) Extension and phaseout of alternative fuel credit (1) In general Section 6426(d)(1) is amended by striking 50 cents and inserting the applicable amount . (2) Applicable amount and termination Section 6426(d)(5) is amended to read as follows: (5) Phaseout and termination (A) Phaseout For purposes of this subsection, the applicable amount is— (i) 50 cents in the case of any sale or use for any period before January 1, 2023, (ii) 38 cents in the case of any sale or use for any period after December 31, 2022, and before January 1, 2024, (iii) 25 cents in