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Renewable Energy Industry Legislation May Give Investors Tax Advantages

June 11, 2012, 07:00 AM
Filed Under: Energy

According to a report posted on Solar Industry, Sens. Chris Coons, D-Del., and Jerry Moran, R-Kan., have introduced the Master Limited Partnerships Parity Act (MLP Parity Act). This legislation is designed to level the energy playing field by giving investors in renewable energy projects access to tax advantages that are currently available only to investors in fossil-fuel-based energy projects.

The report states the MLP Parity Act would adjust the federal tax code in order to help energy generation and renewable fuels companies form master limited partnerships, which combine the funding advantages of corporations and the tax advantages of partnerships. In the past, MLPs have only been available to investors in energy portfolios for oil, natural gas, coal extraction and pipeline projects.

The Solar Energy Industries Association, among other organizations, has endorsed the legislation.

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