United States push renewable energy tax saving case: solar photovoltaic soaring stock prices

U.S. solar stocks on the 24th in the Democratic Party, Republican Senator jointly launched under the Incentive Tax Credit bill renewable energy companies present rose trend. U.S. solar cell manufacturers Sun Power Corp. rose 10.45%, to close at $ 12.26, the highest since March 20 closing high. U.S. cadmium telluride thin film solar module manufacturer First Solar Inc. rose 11.82%, to close at $ 45.11, the highest since February 9, 2012 closing high. JinkoSolar (Jinkosolar HoldingCo.) Also rose by 15.34%, to close at $ 6.54, the highest since March 14 closing high.

Bloomberg, Platts and a number of foreign news agencies, Delaware Democratic Senator Chris Coons, Michigan Democratic Senator Debbie Stabenow, Senator Lisa Murkowski of Alaska, the Republican Party and the Republican senator from Kansas JerryMoran24 jointly proposed renewable energy business section Tax Act, solar panels energy, wind power generation industry to adopt the limited liability partnership (Master Limited Partnership, referred to as MLP) "framework.

The MLP system allows operators to fund-raising AG patterns, without class corporate tax, the shareholders dividend income two-tier tax rate, only need to pay personal income tax rate (Partner). The Tax Credit bill applies only to manufacturers of oil, natural gas, and the operation of the pipeline.

Murkowski said MLP system for petroleum, natural gas industry to be abundant and affordable energy for the United States, just a little change in tax law, you can get the same opportunities for renewable energy businesses. Murkowski earlier this week had said that the bill in the Senate, the House of Representatives are gained bipartisan support.

The proposal last (2012) year specifically for renewable energy co-biofuels program design, but in the end it was vetoed the bill quite similar. However, this weight? ? The new bill proposed to expand the scope of the system of energy-efficient buildings, waste heat into electrical energy (wasteheat-to-power), carbon capture and storage (the the Carbon Captureand Storage, CCS) technology, bio-chemical products and other renewable energy technologies are also summarized in within.

The proposal has the support of at least one oil and gas organizations. American Petroleum Institute (API) president Jack May 23 Gerard4, Bloomberg New Energy Finance Summit, said the agency supports the practice of the Congress, as this will assist in wind power, solar inverter industry to reach the goal of independent operations no longer need to rely on the federal everywhere government subsidies.