INCOME TAXES
 9 Months Ended
Sep. 30, 2016
INCOME TAXES [Text Block]

NOTE 5 – INCOME TAXES

The Company’s estimated effective income tax rate is as follows:

    For the Nine Months Ended  
    September 30,  
    2016     2015  
U.S. Federal statutory rate   34.0%     34.0%  
Average State and foreign income tax, net of federal tax effect   3.5     3.7  
         Consolidated tax rate before non-controlling interest   37.5     37.7  
Tax effect of non-controlling interests   (37.5 )   (17.0 )
         Net effective tax rate   (0.0 )%   20.7%  

The provision for income taxes reflects an estimated effective income tax rate attributable to U.S. Geothermal Inc.’s share of income. Our provision for income taxes for the nine months ended September 30, 2016, reflects a reported effective tax rate of ( 0.0)% which differs from the statutory federal income tax rate of 34% primarily due to the impact of the non-controlling interest and state income taxes.