Bipartisan Bill Would Extend Tax Break To Green Energy

Law360, New York (June 7, 2012, 3:09 PM EDT) -- Renewable energy firms and organizations on Thursday cheered introduction of bipartisan legislation in Congress that would allow specially structured providers of alternative power to avoid corporate taxes just as certain counterparts in the fossil fuel sector, potentially injecting significant new capital.

The bill, sponsored by Sens. Chris Coons, D.-Del., and Jerry Moran, R-Kan., would extend use of the so-called master limited partnerships — now largely limited to oil, natural gas, coal extraction and pipeline projects — to clean-energy providers that harness wind, solar and geothermal power,...
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