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S 2314 110th Congress Senate

Geothermal Heat Pump Development Act of 2007

Official title: A bill to amend the Internal Revenue Code of 1986 to make geothermal heat pump systems eligible for the energy credit and the residential energy efficient property credit, and for other purposes.

Introduced: February 25, 2008 See on congress.gov
Taxation Depreciation and amortizationEnergyEnergy conservationEnergy efficiency
More subjectsShow fewer subjects
Geothermal resourcesHeat pumpsHousing and Community DevelopmentIncome taxMinimum taxTax administrationTax creditsTax deductions
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This bill died when the 110th Congress ended
It never became law before the 110th Congress (2007–2008) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 6, 2007
Read twice and referred to the Committee on Finance.
Nov 6, 2007
Sponsor introductory remarks on measure. (CR S13998-13999)
Nov 6, 2007
Introduced in Senate
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 Latest action November 6, 2007

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

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.

 Related & companion bills 2
  • HR 2298 Related bill To amend the Internal Revenue Code of 1986 to make geothermal heat pump systems eligible for the energy credit.
  • HR 2990 Related bill To amend the Internal Revenue Code of 1986 to make geothermal heat pump systems eligible for the energy credit and the …
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 5
All 5 Democratic 3 Republican 2
D
Schumer, Charles E.
New York · Apr 23, 2008
 R
Murkowski, Lisa
Alaska · Apr 21, 2008
 D
Wyden, Ron
Oregon · Mar 10, 2008
 R
Collins, Susan M.
Maine · Feb 25, 2008
 D
Cantwell, Maria
Washington · Feb 5, 2008
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2314: Geothermal Heat Pump Development Act of 2007. 110th Congress. Open America. https://openamerica.io/bill/110-S-2314/
MLA
"S. 2314: Geothermal Heat Pump Development Act of 2007." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-S-2314/.
Bluebook (legal)
S. 2314, 110th Cong. (2026), https://openamerica.io/bill/110-S-2314/.
Markdown link
[S. 2314: Geothermal Heat Pump Development Act of 2007](https://openamerica.io/bill/110-S-2314/)
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