H.R. 1099 · 108th Congress
To amend the Internal Revenue Code of 1986 to allow the $25,000 offset for individuals under the passive loss rules to apply to investments in wind energy facilities.
- Stage
- In committee
- Sponsor
- Collin Peterson
- Introduced
- 2003-03-05
- Latest action
- 2003-03-05 · Introduced in House
Summary
Amend s the Internal Revenue Code to allow the $25,000 passive loss offset for individuals without any income-based phaseout for investments in wind energy facilities. Exempts such wind energy facility offset from the active participation requirement.