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H.R.4118 - Master Limited Partnerships Parity Act115th Congress (2017-2018) |

Bill

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Sponsor: Rep. Poe, Ted [R-TX-2] (Introduced 10/25/2017)
Committees: House - Ways and Means
Latest Action: House - 10/25/2017 Referred to the House Committee on Ways and Means.  (All Actions)

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This bill has the status Introduced

Here are the steps for Status of Legislation:

  1. Introduced
  2. Passed House
  3. Passed Senate
  4. To President
  5. Became Law

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  • Constitutional Authority Statement
  • CBO Cost Estimates [0]

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Summary: H.R.4118 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for H.R.4118. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (10/25/2017)

Master Limited Partnerships Parity Act

This bill 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 (known as master limited partnerships) to include income and gains from renewable and alternative energy generation projects (in addition to fossil fuel-based energy generation projects) and related infrastructure for transportation or storage, including energy derived from thermal resources, waste, renewable fuels and chemicals, energy efficient buildings, gasification, and carbon capture in secure geological storage.