HR 2691
110th Congress
House
Taxation
Accounting
Commerce
Electric power production
Energy
Energy industries
Finance and Financial Sector
Income tax
Losses
Minimum tax
Tax credits
Tax deductions
Wind power
To amend the Internal Revenue Code of 1986 to provide additional incentives for facilities producing electricity from wind.
Introduced: June 12, 2007
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 12, 2007
Referred to the House Committee on Ways and Means.
Jun 12, 2007
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to allow: (1) individual taxpayers investing in wind facilities used to produce electricity an exemption of up to $40,000 from limitations on passive activity losses and credits; and (2) tax credit amounts for producing electricity from wind facilities to offset alternative minimum tax liability.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1