HR 5537 · 107th Congress · Taxation

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.

Introduced 2002-10-02· Sponsored by Rep. Peterson, Collin C. [D-MN-7]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2002-10-02)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only