IntroducedFiled Jan 27, 2026
Sponsor: Thornton, Anthony L.
Latest Action
action postponed indefinitely
Mar 24, 2026
Summary
The bill changes the name of existing geothermal electricity generation tax credits to geothermal energy production credits and creates a new schedule that awards a credit per kilowatt‑hour produced, varying by the facility’s year of operation. It caps the total credits available each year at $55 million, reserving $11 million for tribal and small businesses, and allows credits to be transferred or carried forward. The changes affect owners of geothermal facilities and the state department that certifies the credits.
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