Summary/Abstract
In the 114th and 113th Congresses, Senators Moran (R-KS) and Coons (D-DE) and Congressmen Ted Poe (R-TX) and Mike Thompson (D-CA) introduced legislation to expand the financing tool known as Master Limited Partnerships (MLP) beyond fossil energy and pipeline projects. This bill amends the Internal Revenue Code 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.