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.
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.
Actions
Apr 28, 2005
Referred to the House Committee on Ways and Means.