Reported by CommitteeFiled Jan 9, 2026
Sponsor: Roybal Caballero, Patricia
Latest Action
action postponed indefinitely
Mar 24, 2026
Summary
The bill changes the name of existing geothermal electricity generation tax credits and creates a new credit that varies with the amount of electricity a facility produces each year. It applies to owners of geothermal energy production facilities and limits total credits to $55 million annually, with a portion reserved for tribal and small businesses. The measure aims to encourage geothermal development while controlling state tax credit exposure.
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