Encouraging Investments in Renewable Energy Projects Promotes Manufacturers’ “All of the Above” Strategy

By June 14, 2012Energy, Taxation

As major users of our nation’s energy supply, manufacturers support a strategy that embraces all forms of domestic energy production. Oil, natural gas and clean coal remain essential contributors to America’s energy security and alternative fuels and renewable energy sources like wind energy and solar power will be increasingly important in the future.

Kudos to Sen. Chris Coons (D-DE) for recognizing the importance to our energy supply of investments in renewable energy by introducing The Master Limited Partnerships Parity Act (S. 3275).  Master limited partnership (MLPs) are business entities that are taxed as partnerships but are traded like corporate stock.

In the past, MLPs have only been available to investors in energy portfolios for oil, natural gas, coal extraction, and pipeline projects. Sen. Coons’ bill also will allow investors in renewable energy projects to form MLPs, providing renewable energy projects with access to lower cost capital and more liquid financing.

Dorothy Coleman

Dorothy Coleman

Dorothy Coleman is vice president of tax and domestic economic policy at the National Association of Manufacturers (NAM). Ms. Coleman is responsible for providing NAM members with important information related to tax issues and representing the NAM’s position to Congress, the Administration and the media. An NAM spokesperson for tax policy issues, she coordinates membership coalitions; prepares testimony, reports and analyses; and responds to media inquiries. Before taking over as vice president of the tax policy department, she served as director of tax policy from April 1998 to April 2000.
Dorothy Coleman

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