X

Sign Up To Our Free Newsletter

Join Now

Thanks for subscribing to our free newsletter!

ERROR

  • 3 minutes Texas forced to have rolling brown outs. Not from downed power line , but because the wind energy turbines are frozen.
  • 7 minutes Scientists Warn That Filling The Sahara With Solar Panels Is A Bad Idea
  • 11 minutes United States LNG Exports Reach Third Place
  • 15 minutes Joe Biden's Presidency
  • 12 hours U.S. Presidential Elections Status - Electoral Votes
  • 8 hours Interest article about windmills and waterwheels in Europe
  • 3 hours Retired RAF pilot wins legal challenge over a wind farm
  • 1 day Speaker Pelosi, "Tear Down This Wall"
  • 2 days NYT:  The Supreme Court’s order (Re:  Trump’s tax returns) set in motion a series of events that could lead to the startling possibility of a criminal trial of a former U.S. president
  • 18 hours Chance for (Saudi)Arabian peninsula having giant onshore Gas too?
  • 1 day Disaster looming in UK offshore wind power
  • 2 days Wednesday Nikki Haley reached out to Trump for meeting at Mar-a-lago. Trump said No ! You blew it Nikki . . .
  • 16 hours “Cushing Oil Inventories Are Soaring Again” By Tsvetana Paraskova
  • 2 days Scientist clone endangered Black Footed Ferret from Ferret that died 30 years ago . It's a 100% exact genomic match.

Renewable Energy Investments Made Easier

A relatively small change to the tax code could make all the difference in renewable energy investments, and while it’s not likely to happen this year, 2013 could be a decisive year for a more equitable sharing of preferential tax treatment across the energy sector.

While the fossil fuel industry has benefited for three decades from the privilege of Master Limited Partnerships (MLPs), which exempt investors from some corporate income taxes, renewable energy has not enjoyed this preferential treatment, and in fact, the law specifically bans renewable energy investors from getting in on MLPs, but that is set to change very soon.

On 7 June, Senator Christopher Coons (D-Delaware) and Senator Jerry Moran (R-Kansas) submitted legislation that would allow renewable energy investors to benefit from MLPs. The Master Limited Partnerships Parity Act would extend MLPs to include energy-related investments beyond oil, natural gas, coal and pipelines.

To backtrack briefly, MLPs are special purpose investment vehicles that offer exemptions to investors from certain corporate income taxes but require that the majority of income is distributed to partnership shareholders every quarter. The benefits of MLPs are that in comparison with traditional corporations, they lower taxation and capital costs by eliminating double taxation and allowing for access to new sources of capital.

In an early June press release, Senator Moran stated: “Master limited partnerships…




Oilprice - The No. 1 Source for Oil & Energy News