H.R. 2007 · 109th 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
- 2005-04-28
- Latest action
- 2005-04-28 · Introduced in House
Summary
Amends the Internal Revenue Code to exempt investors in wind energy facilities from the income-based phaseout of the $25,000 offset for individuals under rules limiting passive activity losses and credits.