[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[S. 1413 Introduced in Senate (IS)]

112th CONGRESS
  1st Session
                                S. 1413

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


_______________________________________________________________________


                   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.

    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 Tax Parity Act of 2011''.

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 property placed in service after the date of the enactment of this 
Act.
                                 <all>