Geothermal energy heating or cooling device
Sec. 34. (a) For purposes of this section, "geothermal energy
heating or cooling device" means a device that is installed after
December 31, 1981, and is designed to utilize the natural heat from
the earth to provide hot water, produce electricity, or generate
heating or cooling.
(b) The owner of real property, or a mobile home that is not
assessed as real property, that is equipped with a geothermal energy
heating or cooling device is annually entitled to a property tax
deduction. The amount of the deduction equals the remainder of: (1)
the assessed value of the real property or mobile home with the
geothermal heating or cooling device; minus (2) the assessed value
of the real property or mobile home without the geothermal heating
or cooling device.
As added by Acts 1981, P.L.71, SEC.2.
Last modified: May 28, 2006