Provides an exemption for the sale and installation of residential and commercial geothermal heat pump systems equipment

This bill modifies state tax laws to exempt the sale and installation of residential and commercial geothermal heat pump systems from sales and use taxes. It defines these systems as equipment that uses ground or groundwater to provide heating, cooling, or hot water for buildings, while explicitly excluding recreational facilities. Additionally, the legislation grants local governments the option to opt out of these state-level tax exemptions if they choose to impose their own taxes on such equipment. By removing the tax burden on these specific green energy components, the bill aims to encourage the adoption of geothermal technology in both homes and businesses.