S 3275
112th Congress
Senate
Taxation
Alternative and renewable resources
Corporate finance and management
Electric power generation and transmission
Energy storage, supplies, demand
Tax administration and collection, taxpayers
Master Limited Partnerships Parity Act
Introduced: June 7, 2012
Introduced by:
Coons, Christopher A.
Democratic
· Delaware
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 7, 2012
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3842)
Jun 7, 2012
Sponsor introductory remarks on measure. (CR S3841-3842)
Jun 7, 2012
Introduced in Senate
Plain-English 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 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.
What's happening now
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3842)
Committees of jurisdiction
1