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A New Mexico lawmaker proposed a bill to attract geothermal energy companies by offering up to $55 million in tax credits annually. This initiative aims to leverage the state's unique geological features, such as the Jemez Lineament and the Rio Grande Rift, to develop geothermal power.

The bill reserves at least 20% of tax credits for tribal and local communities, promoting energy sovereignty and local job creation. The proposal aligns with federal priorities for geothermal expansion and has bipartisan support. New Mexico hosts the deepest geothermal well in the U.S., currently used for research.