110-H.R.2691

To amend the Internal Revenue Code of 1986 to provide additional incentives for facilities producing electricity from wind.

6/12/2007--Introduced.

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.

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