Master Limited Partnership Bill Reintroduced (North American Windpower)
Sen. Chris Coons, D-Del., has reintroduced the Master Limited Partnerships (MLP) Parity Act (PDF) with co-sponsors Sens. Jerry Moran; R-Kan., Debbie Stabenow, D-Mich.; and Lisa Murkowski, R-Alaska.
The bill allows renewable energy companies to organize themselves as MLPs, which are taxed as partnerships but establish ownership shares that can be traded like traditional stock.
According to Coons, the MLP Parity Act is a straightforward modification of 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.
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