House Bill
H.R. 6873
To amend the Internal Revenue Code of 1986 to allow amortization of geological and geophysical expenditures in connection with the exploration for, or development of, geothermal deposits, and for other purposes.
Primary Sponsor
Celeste Maloy
R - UT
Cosponsors
0
Quick Stats
Policy Area
Summary
The Geothermal Tax Parity Act aims to equalize tax treatment for geothermal energy with other renewable energy sources like solar and wind. Currently, geothermal energy may not receive the same tax incentives as other clean energy technologies, and this bill seeks to level the playing field to encourage more investment in this reliable, earth-powered energy source.
Latest Action
Referred to the House Committee on Ways and Means.
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Vote Prediction
To amend the Internal Revenue Code of 1986 to allow amortization of geological and geophysical expenditures in connection with the exploration for, or development of, geothermal deposits, and for other purposes.
The Geothermal Tax Parity Act aims to equalize tax treatment for geothermal energy with other renewable energy sources like solar and wind. Currently, geothermal energy may not receive the same tax incentives as other clean energy technologies, and this bill s
Community Breakdown
Pass
0%
Fail
0%
0 predictions
The Geothermal Tax Parity Act aims to equalize tax treatment for geothermal energy with other renewable energy sources like solar and wind. Currently, geothermal energy may not receive the same tax incentives as other clean energy technologies, and this bill seeks to level the playing field to encourage more investment in this reliable, earth-powered energy source.
- Bill Number
- 6873
- Introduced
- 12/18/2025
- Status
- Referred to the House Committee on Ways and Means.
- Policy Area
- Taxation
Data from Congress.gov
Fact Sheet
- Title
- To amend the Internal Revenue Code of 1986 to allow amortization of geological and geophysical expenditures in connection with the exploration for, or development of, geothermal deposits, and for other purposes.
- Bill Number
- 6873
- Sponsor
- No sponsor
- Status
- Referred to the House Committee on Ways and Means.
- Introduced
- 12/18/2025
- Summary
- The Geothermal Tax Parity Act aims to equalize tax treatment for geothermal energy with other renewable energy sources like solar and wind. Currently, geothermal energy may not receive the same tax incentives as other clean energy technologies, and this bill seeks to level the playing field to encou
Data from Congress.gov
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