Wind Power Tax Incentives Act of 2005

The Wind Power Tax Incentives Act of 2005 proposed changes to the tax code to encourage investment in wind energy production. The bill would have allowed individual taxpayers and corporations with incomes under $1 million to use tax credits and losses from wind facilities to lower their overall tax bill on regular income. Additionally, it would have permitted agricultural and other cooperatives to pass these wind energy tax credits directly through to their individual members and shareholders.