Master Limited Partnerships Parity Act
Latest action · Apr 24, 2013 Referred to the House Committee on Ways and Means.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedApr 24, 2013
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
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 energy derived from thermal resources, waste, renewable fuels and chemicals, energy efficient buildings, gasification, and carbon capture in secure geological storage.
Cosponsors 69
Members who signed on, in the order they did. Signatures ran from Apr 24, 2013 to Sep 15, 2014; 5 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-NY | Christopher P. Gibson | Original | Apr 24, 2013 |
| R-CO | Cory Gardner | Original | Apr 24, 2013 |
| D-OR | Earl Blumenauer | Original | Apr 24, 2013 |
| D-CA | Mike Thompson | Original | Apr 24, 2013 |
| D-VT | Peter Welch | Original | Apr 24, 2013 |
| D-PA | Allyson Y. Schwartz | May 7, 2013 | |
| D-MN | Betty McCollum | May 15, 2013 | |
| D-CT | Joe Courtney | May 20, 2013 | |
| D-IL | Mike Quigley | May 21, 2013 | |
| D-IL | Janice D. Schakowsky | Jun 11, 2013 | |
| D-CA | Julia Brownley | Jun 11, 2013 | |
| D-NH | Ann M. Kuster | Jun 13, 2013 | |
| D-NC | David E. Price | Jun 13, 2013 | |
| D-WA | Derek Kilmer | Jun 25, 2013 | |
| D-CA | Adam B. Schiff | Jul 8, 2013 | |
| D-NH | Carol Shea-Porter | Jul 8, 2013 | |
| D-ME | Chellie Pingree | Jul 8, 2013 | |
| D-RI | David N. Cicilline | Jul 8, 2013 | |
| D-CT | James A. Himes | Jul 10, 2013 | |
| D-MA | William R. Keating | Jul 10, 2013 | |
| D-OR | Peter A. DeFazio | Jul 11, 2013 | |
| D-NY | William L. Owens | Jul 11, 2013 | |
| D-CA | Jerry McNerney | Jul 16, 2013 | |
| D-VA | Gerald E. Connolly | Jul 17, 2013 | |
| D-NV | Dina Titus | Jul 18, 2013 | |
| D-FL | Alcee L. Hastings | Jul 26, 2013 | |
| R-NV | Mark E. Amodei | Oct 24, 2013 | |
| D-MN | Richard M. Nolan | Nov 12, 2013 | |
| D-CA | Jared Huffman | Nov 14, 2013 | |
| R-OH | Robert E. Latta | Feb 4, 2014 | |
| R-WI | Reid J. Ribble | Feb 26, 2014 | |
| R-GA | Doug Collins | Apr 1, 2014 | |
| R-NJ | Leonard Lance | Apr 2, 2014 | |
| R-MI | Mike Rogers | Apr 7, 2014 | |
| R-TX | Blake Farenthold | Jun 18, 2014 | |
| D-CA | Barbara Lee | Jul 9, 2014 | |
| D-ME | Michael H. Michaud | Jul 9, 2014 | |
| D-CA | Michael M. Honda | Jul 9, 2014 | |
| D-NY | Paul Tonko | Jul 9, 2014 | |
| D-IL | Tammy Duckworth | Jul 9, 2014 | |
| D-FL | Alan Grayson | Jul 10, 2014 | |
| D-CA | Anna G. Eshoo | Jul 10, 2014 | |
| D-MA | Niki Tsongas | Jul 10, 2014 | |
| D-PA | Chaka Fattah | Jul 15, 2014 | |
| D-NY | Charles B. Rangel | Jul 15, 2014 | |
| D-IA | David Loebsack | Jul 15, 2014 | |
| D-MI | Gary C. Peters | Jul 15, 2014 | |
| D-TX | Gene Green | Jul 15, 2014 | |
| D-MD | John K. Delaney | Jul 15, 2014 | |
| D-NY | Louise McIntosh Slaughter | Jul 15, 2014 | |
| D-CA | Grace F. Napolitano | Jul 16, 2014 | |
| D-CA | Henry A. Waxman | Jul 16, 2014 | |
| D-CA | Scott H. Peters | Jul 16, 2014 | |
| D-NY | Brian Higgins | Jul 22, 2014 | |
| D-TX | Marc A. Veasey | Jul 22, 2014 | |
| D-FL | Patrick Murphy | Jul 22, 2014 | |
| D-AZ | Raúl M. Grijalva | Jul 22, 2014 | |
| D-CA | Raul Ruiz | Jul 22, 2014 | |
| D-CA | Zoe Lofgren | Jul 22, 2014 | |
| D-MA | John F. Tierney | Jul 30, 2014 | |
| D-GA | John Lewis | Jul 30, 2014 | |
| D-CA | Judy Chu | Jul 30, 2014 | |
| D-TN | Steve Cohen | Jul 30, 2014 | |
| D-NM | Ben Ray Luján | Aug 4, 2014 | |
| D-NJ | Bill Pascrell, Jr. | Aug 4, 2014 | |
| D-CA | Juan Vargas | Aug 4, 2014 | |
| R-AZ | Paul A. Gosar | Aug 4, 2014 | |
| D-OH | Tim Ryan | Aug 4, 2014 | |
| R-MT | Steve Daines | Sep 15, 2014 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Ways and Means Committee | Referred Apr 24, 2013 |
Actions 2
Everything that happened, newest first.
- Apr 24, 2013Introduced in House
- Apr 24, 2013Referred to the House Committee on Ways and Means.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the page H2298.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 795 | Master Limited Partnerships Parity Act | Identical bill | Apr 24, 2013 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Internal Revenue Code of 1986 to extend the publicly traded partnership ownership structure to energy power generation projects and transportation fuels, and for other purposes.
- Short Titles as Introduced
- Master Limited Partnerships Parity Act
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
- Alternative and renewable resources
- Climate change and greenhouse gases
- Corporate finance and management
- Electric power generation and transmission
- Energy efficiency and conservation
- Energy storage, supplies, demand
- Lighting, heating, cooling
- Motor fuels
- Solid waste and recycling
- Tax administration and collection, taxpayers
- Taxation
Text 1
Each version as it was printed, newest first.
- Apr 24, 2013Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
