24 Jul '12, 2pm

New MLP Parity Act Could Give a Boost to Geothermal/Renewable Energy Investors

New MLP Parity Act Could Give a Boost to Geothermal/Renewable Energy Investors

The act could "level the energy playing field by giving investors in renewable-energy projects access to a decades-old tax advantage now available only to investors in fossil fuel-based energy projects," they noted in their press release . "The Master Limited Partnerships Parity Act is a straightforward, powerful tweak to the federal tax code that could unleash significant private capital by helping additional energy-generation and renewable fuels companies form master limited partnerships, which combine the funding advantages of corporations and the tax advantages of partnerships." Senator Coons said: “Despite all the political rhetoric about the need for an all-of-the-above energy strategy, our current tax code clearly picks winners and losers in the energy space.” He told press, “The MLP Parity Act helps level the playing field by giving investors in renewables and non-...

Full article: http://www.renewableenergyworld.com/rea/news/article/2012...

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