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GEOTHERMAL TAX PARITY ACT INTRODUCED IN SENATE

Wednesday, July 27, 2011 - 1:30AM

Sens. Ron Wyden and Mike Crapo on Monday introduced S. 1413, the Geothermal Tax Parity Act of 2011. The bill temporarily increases the investment tax credit (ITC) for geothermal energy property. S. 1413 would increase to 30 percent the ITC for geothermal projects through December 31, 2016. The bill has been referred to the Committee on Finance. The House of Representatives introduced two companion bills, H.R. 1384 and H.R. 2408, earlier this year.

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