Green Energy Tax Plan May Come With Unwelcome Tradeoff

Law360, New York (April 24, 2013, 9:10 PM EDT) -- U.S. lawmakers on Wednesday reintroduced a bipartisan bill that would allow for renewable energy projects to be structured as master limited partnerships, a favorable taxing structure often used by oil and gas developers that attorneys say could help level the playing field for renewables, but not if it comes at the expense of existing renewable tax credits.

Democrats and Republicans in both houses of Congress back the bill, dubbed the Master Limited Partnerships Parity Act. The bill would modify the tax code to let renewable projects...
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