Financing Our Energy Future Act
| Date | Chamber | What was voted on | Result | Yes–No | |
|---|---|---|---|---|---|
| Nov 30, 2010 | Senate · vote #257 | On Passage of the Bill S. 510 | Passed | 73–25 | See who voted → |
| Nov 18, 2010 | Senate · vote #251 | On the Motion to Proceed S. 510 | Agreed To | 57–27 | See who voted → |
| Nov 17, 2010 | Senate · vote #250 | On the Cloture Motion S. 510 | Agreed To | 74–25 | See who voted → |
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Financing Our Energy Future Act
This bill allows a publicly traded partnership to derive income from certain clean energy-related activities and still be treated as a partnership for federal income tax purposes.
As background, a publicly traded partnership is a partnership whose interests are traded on an established securities market (or readily tradable on a secondary market). A publicly traded partnership generally is treated as a corporation for federal income tax purposes unless 90% or more of such partnership’s gross income is qualifying income.
Under current law, qualifying income includes
- interest and dividends;
- real property rents;
- gain from the sale (or disposition) of real property;
- income from certain activities related to minerals and natural resources, source carbon dioxide, and the transportation or storage of certain fuels; and
- gain from the sale (or disposition) of a capital asset or commodities.
Under the bill, the qualifying income is expanded to include income derived from
- electric power (or thermal energy) generated from renewable energy sources (e.g., wind and solar energy), qualified gasification projects, or advanced nuclear facilities;
- accepting or processing open-loop biomass or municipal solid waste (by certain facilities);
- the storage of electric power or thermal energy using certain energy storage technology;
- the generation, storage, or distribution of electric power (or thermal energy) using combined heat and power system property;
- fuels that use certain carbon oxides as primary feedstock;
- certain renewable chemicals;
- transportation or storage of liquefied or compressed hydrogen;
- the conversion of renewable biomass; and
- certain carbon capture and sequestration facilities.
Read twice and referred to the Committee on Finance.
- Introduced in Senate Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). S. 510: Financing Our Energy Future Act. 119th Congress. Open America. https://openamerica.io/bill/119-S-510/
"S. 510: Financing Our Energy Future Act." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-S-510/.
S. 510, 119th Cong. (2026), https://openamerica.io/bill/119-S-510/.
[S. 510: Financing Our Energy Future Act](https://openamerica.io/bill/119-S-510/)