I 112th CONGRESS 1st Session H. R. 2408 IN THE HOUSE OF REPRESENTATIVES July 6, 2011 Mr. Reichert (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.