(1) and (2) of subsection (f) shall apply to the taxpayer who acquired the qualified electric bicycle in the same manner as if the credit determined under this section with respect to such qualified electric bicycle were allowed to such taxpayer, and (C) subsection (f)(5) shall not apply. (7) Advance payment to registered retailers (A) In general The Secretary shall establish a program to make advance payments to any eligible entity in an amount equal to the cumulative amount of the credits allowed under subsection (a) with respect to any qualified electric bicycles sold by such entity for which an election described in paragraph (1) has been made. (B) Excessive payments Rules similar to the rules of section 6417(c)(6) shall apply for purposes of this paragraph. (8) Retailer For purposes of this subsection, the term retailer means a person engaged in the trade or business of selling qualified electric bicycles in a State, the District of Columbia, the Commonwealth of Puerto Rico, or any other territory or possession of the United States. . (b) Conforming amendments (1) Section 1016(a) of the Internal Revenue Code of 1986 is amended by striking and at the end of paragraph (37), by striking the period at the end of paragraph (38) and inserting , and , and by adding at the end the following new paragraph: (39) to the extent provided in section 36C(f)(1). . (2) Section 6211(b)(4)(A) of such Code is amended by inserting 36C, after 36B, . (3) Section 6213(g)(2) of such Code is amended— (A) in subparagraph (U), by striking and at the end, (B) in subparagraph (V), by striking the period at the end and inserting , and , and (C) by adding at the end the following: (W) an omission of a correct vehicle identification number required under section 36C(e) (relating to electric bicycles credit) to be included on a return. . (4) Section 6501(m) of such Code is amended by inserting 36C(f)(5), after 35(g)(11), . (5) Section 1324(b)(2) of title 31, United States Code, is amended by inserting 36C, after 36B, . (c) Clerical