Master Limited Partnerships Parity Act

The Master Limited Partnerships Parity Act (H.R. 2883) would expand a specific tax structure, currently available primarily to the oil and gas industries, to include renewable energy projects. By allowing companies focused on wind, solar, geothermal, and biofuels to form Master Limited Partnerships (MLPs), the bill enables these businesses to be taxed as partnerships rather than corporations while still being publicly traded on the stock market. For citizens, this change is intended to lower the cost of financing clean energy projects and provide everyday investors with more direct opportunities to invest in the renewable energy sector.