# 119-hr-6873: Geothermal Tax Parity Act

119-hr-6873, Geothermal Tax Parity Act, is a 119th Congress bill sponsored by Rep. Maloy, Celeste [R-UT-2] (R-UT); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-6873
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-6873
- Congress: 119
- Title: Geothermal Tax Parity Act
- Status: introduced
- Introduced: 2025-12-18
- Sponsor: Rep. Maloy, Celeste [R-UT-2] (R-UT)
- Cosponsors: 5
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Tax parity for geothermal with oil and gas tax rules.** It lets geothermal exploration and development costs be amortized like oil and gas and creates an exception to passive loss limits for working interests in geothermal properties. - Geothermal developers: Authorizes amortization of geological and geophysical expenditures tied to exploring or developing geothermal deposits for tax purposes. - Owners with working interests in geothermal properties: Provides an exception to passive loss limitations for those working interests, changing how losses are treated on tax returns.

## Cosponsors (5)

- Rep. Garamendi, John [D-CA-8] (D-CA), 2025-12-18T00:00:00.000Z
- Rep. Moore, Blake D. [R-UT-1] (R-UT), 2025-12-18T00:00:00.000Z
- Rep. Fulcher, Russ [R-ID-1] (R-ID), 2025-12-18T00:00:00.000Z
- Rep. Horsford, Steven [D-NV-4] (D-NV), 2025-12-18T00:00:00.000Z
- Rep. Auchincloss, Jake [D-MA-4] (D-MA), 2026-01-20T00:00:00.000Z

## Provisions PRIA read

- Tax breaks for geothermal developers: benefit, high. If enacted, developers and investors would be able to amortize geological and geophysical costs for exploring or developing geothermal deposits. The bill would also let active working interests in geothermal properties use the oil-and-gas passive loss exception. Both changes would apply to tax year…

## Related bills

- 119-hr-1993: 25th Anniversary of 9/11 Commemorative Coin Act
- 119-hr-452: Miracle on Ice Congressional Gold Medal Act
- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-2548: Sanctioning Russia Act of 2025
- 119-hr-1383: Secure Rural Schools Reauthorization Act of 2025
- 119-hr-1065: Protect Our Letter Carriers Act of 2025

## Sources
- [119-hr-6873 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/6873)

## Related
- [119-hr-1993: 25th Anniversary of 9/11 Commemorative Coin Act](https://policyrisk.com/legislation/119-hr-1993)
- [119-hr-452: Miracle on Ice Congressional Gold Medal Act](https://policyrisk.com/legislation/119-hr-452)
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-2548: Sanctioning Russia Act of 2025](https://policyrisk.com/legislation/119-hr-2548)
- [119-hr-1383: Secure Rural Schools Reauthorization Act of 2025](https://policyrisk.com/legislation/119-hr-1383)
- [119-hr-1065: Protect Our Letter Carriers Act of 2025](https://policyrisk.com/legislation/119-hr-1065)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-6873 (as of 2026-04-21).