I
110th CONGRESS
1st Session
H. R. 2298
IN THE HOUSE OF REPRESENTATIVES
May 14, 2007
Mr. Gordon of Tennessee (for himself, Mr. Cooper, and Ms. Loretta Sanchez of California) introduced the following bill; which was referred to the Committee on Ways and Means
A BILL
To amend the Internal Revenue Code of 1986 to make geothermal heat pump systems eligible for the energy credit.
Geothermal heat pump systems treated as energy property
In general
Subparagraph (A) of section 48(a)(3) is amended by striking or
at the end of clause (iii), by inserting or
at the end of clause (iv), and by adding at the end the following new clause:
equipment which uses the ground or ground water as a thermal energy source to heat a structure or as a thermal energy sink to cool a structure,
.
Effective date
The amendments made by this section shall apply to property placed in service after the date of the enactment of this Act.