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United States · Bill · HR

H.R. 2927 (98th)

A bill to amend the Internal Revenue Code of 1954 to clarify the definition of geothermal energy, and for other purposes.

referredUnited States· United States Congress· EN

Introduced

5 May 1983

Last action

5 May 1983 · Introduced

Status

Referred to House Committee on Ways and Means.

Sponsors

Rep. Hall, Tony P. [D-OH-3], Rep. Morrison, Sid [R-WA-4], Rep. Horton, Frank J. [R-NY-34], Rep. Matsui, Robert T. [D-CA-3], Rep. Kindness, Thomas N. [R-OH-8], Rep. Lowry, Mike [D-WA-7], Rep. Thomas, Lindsay [D-GA-1], Rep. McKinney, Stewart B. [R-CT-4], Rep. Miller, Clarence E. [R-OH-10], Rep. Oxley, Michael G. [R-OH-4], Rep. Kolter, Joseph P. [D-PA-4], Rep. DeWine, Mike [R-OH-7], Rep. Oberstar, James L. [D-MN-8], Rep. Bereuter, Doug [R-NE-1], Rep. Downey, Thomas J. [D-NY-2], Rep. Kostmayer, Peter H. [D-PA-8], Rep. Mollohan, Alan B. [D-WV-1], Rep. Roberts, Pat [R-KS-1], Rep. Gejdenson, Sam [D-CT-2], Rep. Patman, William N. [D-TX-14], Rep. Rahall, Nick J., II [D-WV-4], Rep. Seiberling, John F. [D-OH-14], Rep. Dyson, Roy [D-MD-1], Rep. Richardson, Bill [D-NM-3], Rep. Campbell, Carroll A., Jr. [R-SC-4], Rep. Conte, Silvio O. [R-MA-1], Rep. Kasich, John R. [R-OH-12], Rep. Kildee, Dale E. [D-MI-7], Rep. LaFalce, John J. [D-NY-36], Rep. Mrazek, Robert J. [D-NY-3], Rep. Nichols, Bill [D-AL-3], Rep. Rinaldo, Matthew J. [R-NJ-12], Rep. Roe, Robert A. [D-NJ-8], Rep. Traxler, Bob [D-MI-8], Rep. Wylie, Chalmers P. [R-OH-15], Rep. Hance, Kent R. [D-TX-19], Rep. Regula, Ralph [R-OH-16], Rep. Vander Jagt, Guy [R-MI-9], Rep. Harkin, Tom [D-IA-5], Rep. Kemp, Jack [R-NY-38], Rep. MacKay, Buddy [D-FL-6], Rep. Bedell, Berkley W. [D-IA-6], Rep. Latta, Delbert L. [R-OH-5], Rep. Studds, Gerry E. [D-MA-12], Rep. Bonior, David E. [D-MI-12]

Subjects

Energy, Taxation

Source updated

7 February 2024

Energy · Taxation

Official sourceView documentsShare

Summary

Amends the Internal Revenue Code to define "geothermal energy" as the natural heat of the Earth at any temperature (present regulations require that such heat must exceed a specified temperature). Qualifies for the residential energy tax credit and the investment tax credit for energy property energy systems which use both geothermal energy and another energy source not eligible for such credits if geothermal energy provides more than 80 percent of the energy for such system. Qualifies for the investment tax credit for energy property energy systems which use both geothermal energy and another energy source eligible for such credit (such as biomass, solar, wind, ocean thermal, or hydroelectric) if the combination of such energy sources provides more than 80 percent of the energy for such system.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 5 May 1983

    Introduced

    Referred to House Committee on Ways and Means.

    Source: IntroReferral

  2. 5 May 1983

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 5 May 1983

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

Sponsors

Related records

Sources

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