Wind Power Tax Incentives Act of 2005

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.

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3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 6 April 2005

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 6 April 2005

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• Introduced in Senate

  summary · EN · 6 April 2005

  Open at official source

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