The credit allowed under this section shall not apply to wildfire mitigation expenditures made after December 31, 2032. . (b) Conforming amendment The table of sections for subpart C of part IV of subchapter A of chapter 1 of such Code is amended by inserting after the item relating to section 36B the following new item: Sec. 36C. Wildfire mitigation expenditures. . (c) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2022.