What is the current status of HR 6873?

HR 6873 is currently: Introduced.

Who sponsored HR 6873?

HR 6873 was sponsored by Celeste Maloy (R), Rep.

Geothermal Investment Tax Changes

IntroducedDecember 18, 2025

Introduced10 months ago

Intro

House

Senate

Pres

Introduced in House

Why This Matters

The Geothermal Tax Parity Act changes tax rules to help businesses invest in geothermal energy by allowing them to deduct exploration costs over time. This encourages more investment in renewable energy sources.

If you invest in geothermal energy, you can recover your costs more easily through tax deductions.

Who this affects

Businesses · Investors · Geothermal energy projects

What changes is this bill making?

1This bill allows businesses to spread out costs for exploring geothermal energy over several years.
2It includes geological and geophysical expenses related to geothermal deposits.
3The changes apply to costs incurred after the bill is enacted.
4It also removes certain limits on losses for geothermal property investments.
5The bill updates tax rules to include geothermal alongside oil and gas.

Last changed 5 months ago · checked hourly

Geothermal Investment Tax Changes

IntroducedDecember 18, 2025

Introduced10 months ago

Intro

House

Senate

Pres

Introduced in House

Why This Matters

If you invest in geothermal energy, you can recover your costs more easily through tax deductions.

Who this affects

Businesses · Investors · Geothermal energy projects

What changes is this bill making?

1This bill allows businesses to spread out costs for exploring geothermal energy over several years.
2It includes geological and geophysical expenses related to geothermal deposits.
3The changes apply to costs incurred after the bill is enacted.
4It also removes certain limits on losses for geothermal property investments.
5The bill updates tax rules to include geothermal alongside oil and gas.

Last changed 5 months ago · checked hourly