H.R. 6873

Summary

H.R. 6873, the Geothermal Tax Parity Act, was introduced in the House on Dec 18, 2025 by Rep. Celeste Maloy (R) with 5 co-sponsors. It was referred to Ways And Means, and last saw action on Dec 18, 2025: Referred to the House Committee on Ways and Means.

Record

Text

H.R. 6873 has 5 co-sponsors.

119 HR 6873 IH: Geothermal Tax Parity Act
 U.S. House of Representatives
 2025-12-18
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 I  119th CONGRESS
  1st Session  H. R. 6873  IN THE HOUSE OF REPRESENTATIVES   December 18, 2025   Ms. Maloy  (for herself,  Mr. Garamendi ,  Mr. Moore of Utah ,  Mr. Fulcher , and  Mr. Horsford ) introduced the following bill; which was referred to the  Committee on Ways and Means    A BILL
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.
1.
Short title
This Act may be cited as the   Geothermal Tax Parity Act  .
2.
Amortization of geological and geophysical expenditures in connection with exploration for or development of geothermal deposits
(a)
In general
 Section 167(h)(1)  of the Internal Revenue Code of 1986 is amended by striking  oil or gas  and inserting  oil, gas, or geothermal deposits .
(b)
Effective date
The amendment made by this section shall apply to amounts paid or incurred in taxable years beginning after the date of the enactment of this Act.
3.
Exception to passive loss limitations for working interests in geothermal properties
(a)
In general
 Section 469(c)(3)  of the Internal Revenue Code of 1986 is amended—
(1)
in the paragraph heading, by striking
oil and gas   and inserting
oil, gas, and geothermal  , and
(2)
by striking  oil or gas  each place it appears and inserting  oil, gas, or geothermal  in each such place.
(b)
Effective date
The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

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.

Sponsors

Rep. Celeste Maloy (R) sponsors H.R. 6873, and 5 members have co-sponsored it, 4 of them from the day it was introduced.

Celeste Maloy

Rep. · R–UT-2 · Sponsor

Introduced Dec 18, 2025

Russ Fulcher

Rep. · R–ID-1 · Co-sponsor

Joined Dec 18, 2025 · Original

John Garamendi

Rep. · D–CA-8 · Co-sponsor

Joined Dec 18, 2025 · Original

Steven Horsford

Rep. · D–NV-4 · Co-sponsor

Joined Dec 18, 2025 · Original

Blake Moore

Rep. · R–UT-1 · Co-sponsor

Joined Dec 18, 2025 · Original

Jake Auchincloss

Rep. · D–MA-4 · Co-sponsor

Joined Jan 20, 2026

Show 6 of 6 rows

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Committees

H.R. 6873 went before 1 committee: Ways and Means.

Ways and Means

Ways and Means

Referred To · Dec 18, 2025 · 1,160 Bills

Actions

H.R. 6873 has taken 2 actions since Dec 18, 2025.

Votes

H.R. 6873 has not gone to a roll call.

Titles

H.R. 6873 goes by 3 titles, 1 of them short titles.

• Geothermal Tax Parity Act — Display Title
• Geothermal Tax Parity Act — Short Title(s) as Introduced
• 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. — Official Title as Introduced

Lobbying

4 clients hired 4 firms and 13 registered lobbyists who named H.R. 6873 in 9 quarterly filings, 2025 to 2026. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Energy/Nuclear, Budget/Appropriations, Environment/Superfund, Natural Resources, Government Issues, Taxation/Internal Revenue Code, Trade (domestic/foreign).

Clients

Who paid to be heard, by how many filings named the bill.

Firms

Registrants who filed on the bill, by filings.

Lobbyists

Named on the filings that cite the bill.

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

Classification

The Congressional Research Service files H.R. 6873 under Taxation, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; H.R. 6873’s is Taxation.

Source: congress.gov · legiscan.com