United States · Bill · S
S. 2314 (110th)
Geothermal Heat Pump Development Act of 2007
Introduced
6 November 2007
Last action
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Status
Read twice and referred to the Committee on Finance.
Sponsors
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Subjects
Discovery layer
Source updated
14 August 2025
Summary
Geothermal Heat Pump Development Act of 2007 - Amends the Internal Revenue Code to: (1) to include equipment that uses the ground or ground water as a thermal energy source or sink to heal or cool a structure (i.e., geothermal heat pump systems) as energy property for purposes of the energy tax credit; (2) allow a residential energy efficient property tax credit for 30% of qualified geothermal heat pump property expenditures; and (3) allow accelerated three-year depreciation of geothermal heat pump systems.
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate (text)
Introduced in Senate · EN · 6 November 2007
Introduced in Senate (PDF)
Introduced in Senate · EN · 6 November 2007
Introduced in Senate
summary · EN · 6 November 2007
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/110th-congress/senate-bill/2314
- Open data entity: https://api.congress.gov/v3/bill/110/s/2314