US SB1656 | 2015-2016 | 114th Congress

Status

Spectrum:
Status: Introduced on June 24 2015 - 25% progression, died in committee
Action: 2015-06-24 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

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 energy derived from thermal resources, waste, renewable fuels and chemicals, energy efficient buildings, gasification, and carbon capture in secure geological storage.

Tracking Information

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Title

Master Limited Partnerships Parity Act

Sponsors


History

DateChamberAction
2015-06-24SenateRead twice and referred to the Committee on Finance.

Same As/Similar To

HB2883 (Same As) 2015-06-24 - Referred to the House Committee on Ways and Means.

Subjects


US Congress State Sources


Bill Comments

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