Search Results

  • 2014 Annual Meeting Materials

    Schedule July 18 Membership Meeting Agenda Report of the Executive Director  Federal Legislative Issues Report of the Federal Affairs Committee Legislative Material Tax Reform Baucus-Hatch Dear Colleague Letter on Tax Reform NAPTP Letter to Senators on Tax Reform Inhofe, Landrieu,...
    | August 18, 2015
  • Other Federal Regulation

    Background While the MLPA's federal activities are primarily concerned with maintaining and improving the tax treatment of MLPs, there are times when other regulatory agencies take actions that single out MLPs or are of particular interest to them. At such times,...
    | August 13, 2015
  • SEC Regulation of Short Sales

    Background A short sale involves the sale of a security that the seller does not own. In order to deliver the security to the purchaser, the short seller will borrow the security. Later, when the price has dropped, the seller...
    | August 13, 2015
  • FERC Regulation

    Background A growing number of publicly traded partnerships own interstate energy pipelines, which are regulated by the Federal Energy Regulatory Commission (FERC). Both the construction of new pipeline systems and the rates charged to carry oil, gas, and petroleum products...
    | August 13, 2015
  • IRS Private Letter Rulings on Qualifying Income Under I.R.C. 7704

    Background A private letter ruling (PLR) is a letter that is issued by the IRS to a taxpayer in response to the taxpayer’s request for clarification of the law as it applies to a specific situation. Managers of PTPs and...
    | August 13, 2015
  • Facilitating Investment by Mutual Funds

    Background For a number of years (1997-2004) the Association’s federal efforts were focused on changing a provision in the tax code which makes it difficult for publicly traded partnerships to sell their securities to mutual funds. On October 22, 2004,...
    | August 13, 2015
  • Adding Renewable Fuels to Qualifying MLP Activities

    Background In order to receive partnership tax treatment, publicly traded partnerships are required to obtain 90 percent of their income from specific activities outlined in section 7704 of the tax code, including "natural resource activities." (Click here for a more...
    | August 13, 2015
  • Report of the 2005 President’s Advisory Panel on Federal Tax Reform

    Background Early in November 2005 the President's Advisory Panel on Tax Reform issued its report and recommendations for making the tax code "simpler, fairer, and more conducive to economic growth." The report provides two possible tax reform options: a "Simplified...
    | August 13, 2015
  • August 2010 Report of the President’s Economic Recovery Advisory Board

    On August 27, 2010, the President’s Economic Recovery Advisory Board (PERAB) issued a report on tax reform, titled “The Report on Tax Reform Options : Simplification, Compliance, and Corporate Taxation.” The report includes a section, beginning on page 74, on...
    | August 13, 2015
  • National Commission on Fiscal Responsibility and Reform Report

    On December 1, 2010 the National Commission on Fiscal Responsibility and Reform, a bipartisan commission charged with developing recommendations for dealing with the growing federal budget deficit, issued a report dramatically entitled, “The Moment of Truth.” Although the report did...
    | August 13, 2015