Lets geothermal energy companies get the same tax breaks as oil and gas.
This bill would let companies exploring for or developing geothermal energy get the same tax benefits as oil and gas companies. It would allow them to spread out certain exploration costs over time and deduct losses from geothermal projects against other income. These changes would take effect for tax years starting after the bill becomes law.
Today, companies exploring for or developing geothermal energy do not receive the same tax benefits as oil and gas companies for certain costs and losses. If this bill becomes law, companies could spread out the costs of finding geothermal deposits over time. They could also deduct losses from geothermal projects against other income, just like oil and gas companies.
HR 6873 · 119th Congress · December 18, 2025 · AI Summary by gemini-2.5-flash · 10/10
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7 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.