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.

Fact Sheet API

Bill Number

HR 5537

Introduced

Oct 2, 2002

Latest Action

Referred to the House Committee on Ways and Means.

Sponsor

Cosponsors

Topics

Accounting Business income tax Commerce Energy Energy tax credits Finance and Financial Sector Income tax Lease and rental services Taxation Wind power

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Votes

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.

Actions

Oct 2, 2002

Referred to the House Committee on Ways and Means.
Oct 2, 2002

Introduced in House

Amendments

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