US SB3275 | 2011-2012 | 112th Congress
Status
Spectrum: Moderate Partisan Bill (Democrat 13-3)
Status: Introduced on June 7 2012 - 25% progression, died in committee
Action: 2012-06-07 - Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3842)
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on June 7 2012 - 25% progression, died in committee
Action: 2012-06-07 - Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3842)
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 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.
Title
Master Limited Partnerships Parity Act
Sponsors
Sen. Christopher Coons [D-DE] | Sen. Mark Begich [D-AK] | Sen. Michael Bennet [D-CO] | Sen. Scott Brown [R-MA] |
Sen. Thomas Carper [D-DE] | Sen. Al Franken [D-MN] | Sen. Tom Harkin [D-IA] | Sen. Amy Klobuchar [D-MN] |
Sen. Mary Landrieu [D-LA] | Sen. Jerry Moran [R-KS] | Sen. Lisa Murkowski [R-AK] | Sen. Jeanne Shaheen [D-NH] |
Sen. Debbie Stabenow [D-MI] | Sen. Jon Tester [D-MT] | Sen. Mark Warner [D-VA] | Sen. Sheldon Whitehouse [D-RI] |
History
Date | Chamber | Action |
---|---|---|
2012-06-07 | Senate | Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3842) |
2012-06-07 | Senate | Sponsor introductory remarks on measure. (CR S3841-3842) |
Same As/Similar To
HB6437 (Same As) 2012-09-19 - Referred to the House Committee on Ways and Means.
Subjects
Alternative and renewable resources
Corporate finance and management
Electric power generation and transmission
Energy storage, supplies, demand
Tax administration and collection, taxpayers
Taxation
Corporate finance and management
Electric power generation and transmission
Energy storage, supplies, demand
Tax administration and collection, taxpayers
Taxation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/112th-congress/senate-bill/3275/all-info |
Text | https://www.congress.gov/112/bills/s3275/BILLS-112s3275is.pdf |