IntroducedFiled Jan 27, 2026
Sponsor: Thornton, Anthony L.
Latest Action
Action Postponed Indefinitely (session adjourned sine die)
Feb 19, 2026
Summary
The bill changes the name of existing geothermal electricity generation tax credits to "geothermal energy production" credits and sets a graduated credit amount based on the year a facility operates. It limits the total credits available each year to $55 million, reserving $11 million for tribal and small businesses, and allows credits to be transferred. The changes apply to taxable years beginning on or after January 1 2026.
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