[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1977 Introduced in House (IH)]







110th CONGRESS
  1st Session
                                H. R. 1977

     To amend the Internal Revenue Code of 1986 to allow solar and 
       geothermal investment credit for public utility property.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 20, 2007

 Ms. Berkley 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 allow solar and 
       geothermal investment credit for public utility property.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SOLAR AND GEOTHERMAL INVESTMENT CREDIT ALLOWED FOR PUBLIC 
              UTILITY PROPERTY.

    (a) In General.--The second sentence of section 48(a)(3) of the 
Internal Revenue Code of 1986 is amended by inserting ``(other than 
property described in clause (i) or (iii) of subparagraph (A))'' before 
``shall not''.
    (b) Effective Date.--The amendments made by this section shall 
apply to periods after the date of the enactment of this Act, in 
taxable years ending after such date, under rules similar to the rules 
of section 48(m) of the Internal Revenue Code of 1986 (as in effect on 
the day before the date of the enactment of the Revenue Reconciliation 
Act of 1990).
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