[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[S. 3788 Introduced in Senate (IS)]

111th CONGRESS
  2d Session
                                S. 3788

To amend the Internal Revenue Code of 1986 to temporarily increase the 
         investment tax credit for geothermal energy property.


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                   IN THE SENATE OF THE UNITED STATES

                           September 15, 2010

 Mr. Wyden (for himself and Mr. Crapo) introduced the following bill; 
     which was read twice and referred to the Committee on Finance

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                                 A BILL


 
To amend the Internal Revenue Code of 1986 to temporarily increase the 
         investment tax credit for geothermal energy property.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Geothermal Energy Investment Act of 
2010''.

SEC. 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 periods after the date of the enactment of this Act, 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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