A bipartisan, bicameral group of lawmakers revived legislation Wednesday that aims to spur renewable energy investment through federal tax code tweak. Lawmakers unveiled the Master Limited Partnerships Parity Act — spearheaded in the Senate by Sens.
The bill would extend master limited partnerships to renewable energy projects ranging from wind power to energy efficiency. Currently, only oil-and-gas projects can use the financing mechanism.
“This market-driven solution supports the all-of-the-above energy strategy we need to power our country for generations to come. Our legislation will unleash private capital, create jobs and modernize our tax code,” Coons said in a statement.
See on thehill.com