12 2 STA T .38 1 5PUBLIC LA W 11 0– 3 4 3 —O CT. 3 , 2008 (B)byred e signat ing cl a u ses (ii) t h r o ugh ( v ) as clauses (i) and (iv) , res p ectively . (c) CREDITFO R R E S IDE N TI ALW IND P RO P ERT Y . — ( 1 ) I N G ENERAL.— S ection 25D (a)isa m ended by stri k ing ‘ ‘and ’ ’ attheendo f paragraph (2), by striking the period at the end of paragraph ( 3 ) and inserting ‘‘, and’’, and by adding at the end the follo w ing new paragraph
‘‘( 4 )3 0 percent of the q ualified small wind energy property e x penditures made by the taxpayer during such year.’’. (2) L I M ITATION.—Section 25D(b)(1) is amended by striking ‘‘and’’ at the end of subparagraph (B), by striking the period at the end of subparagraph (C) and inserting ‘‘, and’’, and by adding at the end the following new subparagraph: ‘‘(D) $ 500 with respect to each half kilowatt of capacity (not to exceed $4,000) of wind turbines for which qualified small wind energy property expenditures are made.’’. (3) QU ALIFIED SMALL W IND ENERGY PROPERTY E X PENDI - TURES.— ( A ) IN GENERAL.—Section 25D(d) is amended by adding at the end the following new paragraph: ‘‘(4) QUALIFIED SMALL WIND ENERGY PROPERTY EXPENDI- TURE.— T he term ‘qualified small wind energy property expendi- ture’ means an expenditure for property which uses a wind turbine to generate electricity for use in connection with a dwelling unit located in the U nited States and used as a resi- dence by the taxpayer.’’. (B) N O DOU B LE BENEFIT.—Section 45(d)(1) is amended by adding at the end the following new sentence: ‘‘Such term shall not include any facility with respect to which any qualified small wind energy property expenditure (as defined in subsection (d)(4) of section 25D) is taken into account in determining the credit under such section.’’. (4) M AXIMUM EXPENDITURES IN C ASE OF J OINT OCCU- PANCY.—Section 25D(e)(4)(A) is amended by striking ‘‘and’’ at the end of clause (ii), by striking the period at the end of clause (iii) and inserting ‘‘, and’’, and by adding at the end the following new clause: ‘‘(iv) $1, 6 6 7 in the case of each half kilowatt of capacity (not to exceed $13,333) of wind turbines for which qualified small wind energy property expendi- tures are made.’’. (d) CREDIT FOR G EOT H ERMAL H EAT PUMP SYSTEMS.— (1) IN GENERAL.—Section 25D(a), as amended by subsection (c), is amended by striking ‘‘and’’ at the end of paragraph (3), by striking the period at the end of paragraph (4) and inserting ‘‘, and’’, and by adding at the end the following new paragraph: ‘‘(5) 30 percent of the qualified geothermal heat pump property expenditures made by the taxpayer during such year.’’. (2) LIMITATION.—Section 25D(b)(1), as amended by sub- section (c), is amended by striking ‘‘and’’ at the end of subpara- graph (C), by striking the period at the end of subparagraph (D) and inserting ‘‘, and’’, and by adding at the end the following new subparagraph: ‘‘( E ) $2,000 with respect to any qualified geothermal heat pump property expenditures.’’. 26USC 2 5D.
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