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.
Last action on Oct 2, 2002Referred to the House Committee on Ways and Means.
Take Action
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.
Lifecycle of the Bill
No events recorded for this stage yet.