I. Schedule
II. October 2 Membership Meeting Agenda
III. Report of the Executive Director
IV. Federal Legislative Issues
A. Report of the Federal Affairs Committee
B. Legislative Material
1. Tax Reform
a. Finance Committee Republican staff tax reform report
b. Association submission to Finance Committee Working Groups
c. Report of the Business Income Tax Working Group
2. Large Partnership Audit Issues
b. H. R. 2821
3. 2015 MLP Parity Act
a. Text
4. Partnership provisions in President’s Budget
a. Descriptions in Treasury Department “Green Book”
b. JCT estimate of PTP provision
V. Federal Regulatory Issues
A. Report of the Regulatory Committee
B. Regulatory Materials
1. Proposed Regulations on Qualifying Income Under Section 7704(d)(1)(E)
c. Louisiana Delegation letter to Secretary Lew
d. Ways and Means Republicans’ letter to IRS and Treasury
2. Proposed Regulations under Section 751(b)
4. Final Rules on Start-up Expenditures and Organizational Expenditures after Technical Termination
5. Final Regulations on Allocating Tax Items When Partners’ Interests Change
a. NAPTP/MLPA Comments on 2009 Proposed Regulations
c. August 2015 Proposed Regulations
7. Proposed Rules for Allocation of Recourse Liabilities of a Partnership
8. Proposed Rules on Partnership Basis Allocation Adjustments for Built-In Losses
9. Private Letter Rulings
a. PLR 201538012, issued May 19, 2015, released September 18, 2015
b. PLR 201537014, issued May 29, 2015, released September 11, 2015
c. PLR 201537007, issued May 26, 2015, released September 11, 2015
d. PLR 201523018, issued January 29, 2015, released June 5, 2015
e. PLR 201451002, issued September 8, 2014, released December 19, 2014
f. PLR 201448019, issued May 22, 2014; released November 28, 2014
10. Panel Presentation: Tax Issues Impacting MLPs and Cross-Border Investments
VII. Public Relations-Investor Relations
A. Public and Investor Relations Report
B. Story Partners: Public Affairs Report
VIII. Membership Report
IX. Report of the Treasurer
A. Report
B. Budget and Financial Statements