Proposed legislation to benefit solar in the USA

Legislation to extend benefits to renewables

U.S. Representatives Mike Thompson (D-CA) and Ted Poe (R-TX) introduced bipartisan legislation in support of an “all of the above” energy approach. The Master Limited Partnerships Parity Act will modify the federal tax code to make it easier and more attractive for private capital to invest in renewable energy.

A master limited partnership (MLP) is a business that is taxed as a partnership but whose shares are traded like stock on a market. Because MLPs have access to capital at a lower cost and a more liquid financial approach, this makes them very attractive to private investment. Currently, only oil, natural gas, coal extraction, and pipeline projects are allowed to qualify for MLPs. This bill would simply amend the federal tax code to allow investment in renewable energy projects in the same way.

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