Author D. Cameron Prell
Author Clare Lewis
This article, from law firm McGuireWoods LLP, is authored by Clare Lewis and Cameron Prell.
BNA Tax Report. The bill, co-sponsored by Sens. Jerry Moran (R-Kan.), Debbie Stabenow (D-Mich.) and Lisa Murkowski (R-Alaska), would give the renewable energy industry the right to form master limited partnerships (MLPs), a business structure that is taxed as a partnership but whose ownership interests are traded like corporate stock on a market. Ian Koski, communications director for Sen. Chris Coons (D-Del.), added that reports have predicted the legislation could generate up to $10 billion in private investment in the U.S. renewable energy market immediately.
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