Home > 107th Congressional Bills > H.R. 1099 (rfs) To make changes in laws governing Coast Guard personnel, increase marine safety, renew certain groups that advise the Coast Guard on safety issues, make miscellaneous improvements to Coast Guard operations and policies, and for other purpo...

H.R. 1099 (rfs) To make changes in laws governing Coast Guard personnel, increase marine safety, renew certain groups that advise the Coast Guard on safety issues, make miscellaneous improvements to Coast Guard operations and policies, and for other purpo...


Google
 
Web GovRecords.org








108th CONGRESS
  1st Session
                                H. R. 1099

To amend the Internal Revenue Code of 1986 to allow the $25,000 offset 
for individuals under the passive loss rules to apply to investments in 
                        wind energy facilities.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 5, 2003

  Mr. Peterson of Minnesota introduced the following bill; which was 
              referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
To amend the Internal Revenue Code of 1986 to allow the $25,000 offset 
for individuals under the passive loss rules to apply to investments in 
                        wind energy facilities.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. APPLICATION OF $25,000 OFFSET IN PASSIVE LOSS RULES TO 
              INVESTMENTS IN WIND ENERGY FACILITIES.

    (a) Phaseout Not To Apply.--
            (1) In general.--Paragraph (3) of section 469(i) of the 
        Internal Revenue Code of 1986 (relating to $25,000 offset for 
        rental real estate activities) is amended by redesignating 
        subparagraphs (E) and (F) as subparagraphs (F) and (G), 
        respectively, and by inserting after subparagraph (D) the 
        following new subparagraph:
                    ``(E) Exception for wind energy credit.--
                Subparagraph (A) shall not apply to any portion of the 
                passive activity credit for any taxable year which is 
                attributable to any credit determined under section 45 
                with respect to a facility using wind to produce 
                electricity.''
            (2) Conforming amendment.--Subparagraph (F) of section 
        469(i)(3) of such Code, as redesignated by paragraph (1), is 
        amended--
                    (A) by striking ``or (D)'' and inserting ``(D), or 
                (E)'' in the material preceding clause (i),
                    (B) by striking ``or (D)'' in clause (iii) and 
                inserting ``, (D), or (E)'',
                    (C) by striking ``and'' at the end of clause (iv), 
                and
                    (D) by striking clause (v) and inserting the 
                following new clauses:
                            ``(v) fifth to the portion of such credit 
                        to which subparagraph (D) applies, and
                            ``(vi) then to the portion of such credit 
                        to which subparagraph (E) applies.''
    (b) Active Participation Requirement Not To Apply.--Subparagraph 
(B) of section 469(i)(6) of such Code is amended by striking ``or'' at 
the end of clause (ii), by striking the period at the end of clause 
(iii) and inserting ``, or'', and by adding at the end the following 
new clause:
                            ``(iv) any credit to which paragraph (3)(E) 
                        applies.''
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years ending after the date of the enactment of this 
Act.
                                 <all>

Pages: 1

Other Popular 107th Congressional Bills Documents:

1 S. 183 (is) To enhance Department of Education efforts to facilitate the involvement of small business owners in State and local initiatives to improve education. [Introduced in Senate] ...
2 S.Con.Res. 48 (is) Recognizing Habitat for Humanity International for its work in helping families in the United States to realize the dream of homeownership. [Introduced in Senate] ...
3 H.Res. 54 (eh) [Engrossed in House] ...
4 H.R. 677 (ih) To amend title 49, United States Code, relating to inspection of commercial motor vehicles entering the United States along the United States-Mexico border, and for other purposes. [Introduced in House] ...
5 H.Con.Res. 95 (eh) [Engrossed in House] ...
6 H.J.Res. 19 (enr) Providing for the appointment of Walter E. Massey as a citizen regent of the Board of Regents of the Smithsonian Institution. [Enrolled bill] ...
7 H.R. 1043 (ih) To amend the Federal Food, Drug, and Cosmetic Act to provide the Food and Drug Administration jurisdiction over tobacco. [Introduced in House] ...
8 H.R. 918 (ih) To prohibit the importation of diamonds unless the countries exporting the diamonds into the United States have in place a system of controls on rough diamonds, and for other purposes. [Introduced in House] ...
9 H.R. 1360 (ih) To ensure project labor agreements are permitted in certain circumstances. [Introduced in House] ...
10 H.R. 1793 (ih) To amend title XIX of the Social Security Act to permit a State waiver authority to provide medical assistance in cases of congenital heart defects. [Introduced in House] ...
11 H.R. 132 (ih) To designate the facility of the United States Postal Service located at 620 Jacaranda Street in Lanai City, Hawaii, as the ``Goro Hokama Post Office Building''. [Introduced in House] ...
12 H.R. 1405 (ih) To amend the Torture Victims Relief Act of 1998 to authorize appropriations to provide assistance for domestic centers and programs for the treatment of victims of torture. [Introduced in House] ...
13 H.R. 379 (ih) To amend the Internal Revenue Code of 1986 to allow issuance of tax- exempt private activity bonds to finance public-private partnership activities relating to school facilities in public elementary and secondary schools, and for other purpo...
14 S. 520 (is) To amend the Clayton Act, and for other purposes. [Introduced in Senate] ...
15 H.Res. 63 (eh) [Engrossed in House] ...
16 H.R. 559 (ih) To designate the United States courthouse located at 1 Courthouse Way in Boston, Massachusetts, as the ``John Joseph Moakley United States Courthouse''. [Introduced in House] ...
17 S. 842 (is) To ensure that the incarceration of inmates is not provided by private contractors or vendors and that persons charged or convicted of an offense against the United States shall be housed in facilities managed and maintained by Federal, State,...
18 H.R. 2149 (ih) To extend trade authorities procedures with respect to reciprocal trade agreements. [Introduced in House] ...
19 S.Con.Res. 43 (is) Expressing the sense of the Congress regarding the Republic of Korea's ongoing practice of limiting United States motor vehicles access to its domestic market. [Introduced in Senate] ...
20 H.Con.Res. 84 (ih) Supporting the goals of Red Ribbon Week in promoting drug-free communities. [Introduced in House] ...
21 H.R. 1134 (ih) To amend the Internal Revenue Code of 1986 to modify the exemption from the self-employment tax for certain termination payments received by former life insurance salesmen. [Introduced in House] ...
22 H.R. 1294 (ih) To amend titles 10 and 14, United States Code, to provide for the use of gold in the metal content of the Medal of Honor. [Introduced in House] ...
23 S.Res. 67 (ats) Commending the Blue Devils of Duke University for winning the 2001 National Collegiate Athletic Association Men's Basketball Championship. [Agreed to Senate] ...
24 H.R. 581 (enr) To authorize the Secretary of the Interior and the Secretary of [Enrolled bill] ...
25 H.R. 1647 (ih) To provide for electricity emergencies. [Introduced in House] ...
26 S. 329 (is) To require the Secretary of the Interior to conduct a theme study on the peopling of America, and for other purposes. [Introduced in Senate] ...
27 H.Res. 153 (eh) [Engrossed in House] ...
28 S. 659 (is) To amend title XVIII of the Social Security Act to adjust the labor costs relating to items and services furnished in a geographically reclassified hospital for which reimbursement under the medicare program is provided on a prospective basis....
29 S. 846 (is) For the relief of J.L. Simmons Company, Inc., of Champaign, Illinois. [Introduced in Senate] ...
30 H.J.Res. 7 (ih) Recognizing the 90th birthday of Ronald Reagan. [Introduced in House] ...


Other Documents:

107th Congressional Bills Records and Documents

GovRecords.org presents information on various agencies of the United States Government. Even though all information is believed to be credible and accurate, no guarantees are made on the complete accuracy of our government records archive. Care should be taken to verify the information presented by responsible parties. Please see our reference page for congressional, presidential, and judicial branch contact information. GovRecords.org values visitor privacy. Please see the privacy page for more information.
House Rules:

104th House Rules
105th House Rules
106th House Rules

Congressional Bills:

104th Congressional Bills
105th Congressional Bills
106th Congressional Bills
107th Congressional Bills
108th Congressional Bills

Supreme Court Decisions

Supreme Court Decisions

Additional

1995 Privacy Act Documents
1997 Privacy Act Documents
1994 Unified Agenda
2004 Unified Agenda

Congressional Documents:

104th Congressional Documents
105th Congressional Documents
106th Congressional Documents
107th Congressional Documents
108th Congressional Documents

Congressional Directory:

105th Congressional Directory
106th Congressional Directory
107th Congressional Directory
108th Congressional Directory

Public Laws:

104th Congressional Public Laws
105th Congressional Public Laws
106th Congressional Public Laws
107th Congressional Public Laws
108th Congressional Public Laws

Presidential Records

1994 Presidential Documents
1995 Presidential Documents
1996 Presidential Documents
1997 Presidential Documents
1998 Presidential Documents
1999 Presidential Documents
2000 Presidential Documents
2001 Presidential Documents
2002 Presidential Documents
2003 Presidential Documents
2004 Presidential Documents

Home Executive Judicial Legislative Additional Reference About Privacy