Catherine Cortez Masto said "I rise today to clarify a colloquy between myself and Chairman Wyden placed in the Congressional Record on August 6, 2022. The statement in the Record references geothermal energy as applicable to the new ``section 48D'' of the Tax Code added by section 13702 of the Inflation Reduction Act. The statement should have referenced that section as ``section 48E.'' As explained in that colloquy, geothermal will qualify for the production and investment tax credits included in sections 13701 and 13702 of the Inflation Reduction Act. ___________________

On the recordSeptember 28, 2022

I rise today to clarify a colloquy between myself and Chairman Wyden placed in the Congressional Record on August 6, 2022. The statement in the Record references geothermal energy as applicable to the new ``section 48D'' of the Tax Code added by section 13702 of the Inflation Reduction Act. The statement should have referenced that section as ``section 48E.'' As explained in that colloquy, geothermal will qualify for the production and investment tax credits included in sections 13701 and 13702 of the Inflation Reduction Act. ____________________

Said by

Catherine Cortez Masto

Democratic · Nevada

Source

govinfo.gov

Sep 28, 2022

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