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]

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.

Tracking Information

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Title

Master Limited Partnerships Parity Act

Sponsors


History

DateChamberAction
2012-06-07SenateRead twice and referred to the Committee on Finance. (text of measure as introduced: CR S3842)
2012-06-07SenateSponsor 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


US Congress State Sources


Bill Comments

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