H.R. 2691 · 110th Congress
To amend the Internal Revenue Code of 1986 to provide additional incentives for facilities producing…
Full title
To amend the Internal Revenue Code of 1986 to provide additional incentives for facilities producing electricity from wind.
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Never voted on. It didn't reach a floor vote before the 110th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
WalzSponsor8 cosponsors · 6 D, 2 R
D
Boswell
KE
D
Ellison
MK
D
Kaptur
BM
D
McCollum
CP
D
Peterson
SH
D
Herseth Sandlin
JR
R
Ramstad
JM
R
Moran5 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
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 it does: CRS summary · Introduced in House · Jun 12, 2007
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: To amend the Internal Revenue Code of 1986 to provide additional incentives for facilities producing electricity from wind.
Latest action (Jun 12, 2007): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: Jun 12, 2007
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.