Summary: S.1656 — 114th Congress (2015-2016)All Information (Except Text)

There is one summary for S.1656. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (06/24/2015)

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.