H.R.6437 - Master Limited Partnerships Parity Act

To amend the Internal Revenue Code of 1986 to extend the publicly traded partnership ownership structure to energy power generation projects and transportation fuels, and for other purposes. view all titles (2)

All Bill Titles

Short: Master Limited Partnerships Parity Act as introduced.
Official: To amend the Internal Revenue Code of 1986 to extend the publicly traded partnership ownership structure to energy power generation projects and transportation fuels, and for other purposes. as introduced.

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Introduced

House
Passes

Senate
Passes

President
Signs

09/18/12

Official Bill Text Comment on about 2 Pages

Sponsor

Representative

Ted Poe

R-TX

View Co-Sponsors (4)

Committees

House Ways and Means

Related Issue Areas

Data via Congressional Research Service View all Issues (4 more)Hide Issues

Official Summary

9/19/2012--Introduced.Master Limited Partnerships Parity Act - Amends the Internal Revenue Code, with respect to the tax treatment of publicly traded partnerships as corporations, to expand the definition of "qualifying income" for such partnerships to include income and gains from renewable and alternative fuels (in addition to fossil fuels), including renewable energy facilities used in the production of electricity, biodiesel, alcohol used as fuels, and renewable fuels used to reduce or replace fossil fuels present in transportation fuels.

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