U.S. Senator Jerry Moran (R-KS) today told Etopia News
why he introduced and continues to support the Master Limited Partnerships
Parity Act, which would grant the renewable energy industry the same tax
benefits currently enjoyed by their fossil-fuel counterparts, saying:
“Expanding
master limited partnerships enables us to strengthen our economy and grow our
energy infrastructure. We’ve seen MLPs’ success over the years in encouraging
private investment in the kind of all-of-the-above energy strategy we must
pursue to drive innovation and create American jobs.”
The Master
Limited Partnerships Parity Act would, if passed by Congress and signed into
law by President Obama, designate renewable energy production as a “qualifying
activity” under the terms of I.R.C. 7704(d)(1)(E) and would thereby allow for
the creation of Master Limited Partnerships based on renewable energy
production, allowing IPOs for this class of limited partnerships and allowing
them to pass through payments to investors without the need to first pay
corporate income tax.
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