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S. 1656

Master Limited Partnerships Parity Act

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.

Read twice and referred to the Committee on Finance.

Sen. Coons, Christopher A. [D-DE](D-DE)Sponsor
8 cosponsors3 D4 R1 I
8cosponsors1committees2actions1related bills11subjects
  1. IntroReferral

    Read twice and referred to the Committee on Finance.

    Finance Committee
  2. IntroReferral10000

    Introduced in Senate

Master Limited Partnerships Parity Act — Informed