II
112th CONGRESS
1st Session
S. 1413
IN THE SENATE OF THE UNITED STATES
July 25, 2011
Mr. Wyden (for himself and Mr. Crapo) introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
To amend the Internal Revenue Code of 1986 to temporarily increase the investment tax credit for geothermal energy property.
Short title
This Act may be cited as the
Geothermal Tax Parity Act of
2011
.
Temporary increase in investment tax credit for geothermal energy property
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)
.
Effective date
The amendment made by this section shall apply to property placed in service after the date of the enactment of this Act.