David Burton Speaks to Law360 on Bill Allowing Renewables Projects to Be Structured as MLPs
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Akin Gump tax partner David Burton was quoted by Law360 on a bill before Congress—the Master Limited Partnership Parity Act—that would allow renewable energy projects to be structured as MLPs. Coal, oil and gas developers already benefit from this tax structure, but, to date, renewables developers have not.
In response to renewables industry concerns that this benefit would be extended to the industry at the cost of the production and energy investment tax credits it currently enjoys, Burton said, “What the industry fears is that members of Congress will view this [bill] as a trade—and that's not a trade that the industry wants to make, nor one that is a sensible trade to make.”
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