A bill to amend the Internal Revenue Code of 1954 to allow a deduction within respect to the exhaustion geothermal steam and geothermal resources.

[AI summary unavailable — showing source text] Allows a tax deduction, under the Internal Revenue Code, of an amount equal to 25 percent of the gross income from a geothermal steam and geothermal resources property. States that such deduction may not exceed 50 percent of the taxpayer's taxable income from the property.…