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House bill · H.R. 6873 (119th Congress)

Geothermal Tax Parity Act

U.S. House of Representatives

Latest action Dec 18, 2025

Sponsor: Celeste Maloy (U.S. Representative, UT-2, Republican)

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From Congress.gov and official rosters. This record was last updated Jul 30, 2026. About our data

Summary

Amends the Internal Revenue Code to allow amortization of geological and geophysical exploration and development costs for geothermal deposits, applying the same tax treatment previously available for oil and gas. The change would apply to costs incurred in taxable years after enactment.

AI summary. Not an official summary. How we handle summaries

Where it stands

Assigned to a committee for review.

  1. Introduced
  2. In committee
  3. Up for a vote
  4. Passed one chamber
  5. Passed
  6. Enacted

Committee

House Committee on Ways and Means · U.S. House of Representatives

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Cosponsors

5

Cosponsors listed on Congress.gov, shown A to Z.

  • Democratic3
  • Republican2

This bill has cosponsors from more than one party.

Shown in neutral colors by design; Agora is non-partisan.

Full history

  1. Dec 18, 2025

    Introduced

    Introduced in House

    U.S. House of Representatives

  2. Dec 18, 2025

    Introduced

    Introduced in U.S. House

    U.S. House

  3. Dec 18, 2025

    Referred to committee

    Referred to the House Committee on Ways and Means.

    U.S. House of Representatives

Read the record