110 HR 1977 IH: To amend the Internal Revenue Code of 1986 to allow solar U.S. House of Representatives 2007-04-20 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I 110th CONGRESS 1st Session H. R. 1977 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.

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).