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H.R. 1384House112th Congress (2011-2013)In Committee

Geothermal Tax Parity Act of 2011

Sponsored by Dean HellerSen. Dean Heller (R-NV)+ 1 co-lead
Introduced April 6, 2011

Legislative Activity

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2 earlier actions
HouseCommittee Latest Action

Referred to the Subcommittee on Health.

Health Subcommittee

April 19, 2011

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HouseIntro Referral

Introduced in House

April 6, 2011

HouseIntro Referral

Referred to the House Committee on Ways and Means.

Ways and Means Committee

April 6, 2011

HouseCommittee

Referred to the Subcommittee on Health.

Health Subcommittee

April 19, 2011

Bill Text

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Introduced in HouseIssued April 6, 2011

I

112th CONGRESS

1st Session

H. R. 1384

IN THE HOUSE OF REPRESENTATIVES

April 6, 2011

Mr. Heller (for himself and Mr. Blumenauer) 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 temporarily increase the investment tax credit for geothermal energy property.

1.

Short title

This Act may be cited as the Geothermal Tax Parity Act of 2011.

2.

Temporary increase in investment tax credit for geothermal energy property

(a)

In general

Subclause (II) of section 48(a)(2)(A)(i) of the Internal Revenue Code of 1986 is amended by striking paragraph (3)(A)(i) and inserting clause (i) or (iii) of paragraph (3)(A).

(b)

Effective date

The amendment made by this section shall apply to property placed in service after the date of the enactment of this Act.