David Burton Discusses Flip Partnerships in Article for Equipment Leasing & Finance Magazine
Akin Gump tax partner David Burton co-authored the article “Taking Some of the Mystery Out of Alternative Energy Flip Partnership Structures” for Equipment Leasing & Finance Magazine.
Written with the director of tax reporting at Siemens Corporation, the article explains that a flip partnership is often established when developers are not able to utilize the tax benefits associated with the production tax credit or the energy tax credit. Beginning with the formation of a limited liability company, the partnership is called a “flip,” because “the allocation of cash and tax benefits changes over time upon the occurrence of certain events,” essentially flipping between the developer and the tax equity investor.
To read the full article, please click here.