Geothermal Tax Parity Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsors
- 6
- Latest action
- Dec 18, 2025
What it does
The Geothermal Tax Parity Act would amend the Internal Revenue Code to extend tax benefits currently available for oil and gas exploration to geothermal energy projects. Specifically, it would allow companies to amortize geological and geophysical expenditures related to geothermal deposit exploration and development, and it would exempt working interests in geothermal properties from passive loss limitations. These changes would apply to expenses incurred in taxable years beginning after the bill’s enactment, aiming to promote investment in geothermal energy by aligning its tax treatment with that of fossil fuels.
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
Where it goes next
While a bill can still move, the questions are about people and money.