Master Limited Partnerships Parity Act
Last action on Jun 24, 2015Read twice and referred to the Committee on Finance.
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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.
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