HR 2007 · 109th 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 2005-04-28· 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.(2005-04-28)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

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

Cosponsors (2)

1 Democrat1 Republican
Rep. Gutknecht, Gil [R-MN-1]MN
Rep. Salazar, John T. [D-CO-3]CO