S 715
109th Congress
Senate
Taxation
Agricultural cooperatives
Agriculture and Food
Cooperative societies
Electric power production
Energy
Income tax
Tax credits
Wind power
Wind Power Tax Incentives Act of 2005
Introduced: April 6, 2005
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 6, 2005
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3282)
Apr 6, 2005
Sponsor introductory remarks on measure. (CR S3281-3282)
Apr 6, 2005
Introduced in Senate
Plain-English summary
Wind Power Tax Incentives Act of 2005 - Amends the Internal Revenue Code to permit: (1) individual taxpayers with adjusted gross incomes (taxable incomes in the case of corporate taxpayers) of $1 million or less to offset passive activity losses and credits from energy-producing wind facilities against regular income; and (2) tax-exempt cooperative organizations (including farmers' cooperatives) to apportion pro rata among their shareholders tax credits received for investment in energy-producing wind facilities.
What's happening now
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3282)
Committees of jurisdiction
1
Cosponsors
1