Established Securities Market
An “established securities market” is: A national securities exchange registered under section 6 of the Securities Exchange Act of 1934 (“1934 Act”); A national securities exchange not registered under the 1934 Act because of the limited volume of transactions; A...
| August 25, 2015
Definition of Publicly Traded Partnership
Background Section 7704 of the Internal Revenue Code (I.R.C.), enacted in 1987, is the key law defining publicly traded partnerships and their tax treatment. The essence of section 7704 is simple: publicly traded partnerships which derive at least 90% of their...
| August 25, 2015
Regulations on Qualifying Income Under Section 7704(d)(1)(E)
Background On May 6, 2015, the Internal Revenue Service issued proposed regulations providing guidance on the activities related to minerals and natural resources that will generate qualifying income under section 7704(d)(1)(E) of the tax code. While welcoming the much-needed clarity...
| August 24, 2015
Proposed Regulations on Determination of Distributive Share When Partnership Interest Changes
On July 31, 2025 the IRS the released the final version of regulations under Code section 706 addressing how partnerships should allocate tax items to partners who enter, leave, or otherwise change their interest in the partnership during the tax...
| August 24, 2015
MLPA Comments on Proposed Regulations On Qualifying Income Under Section 7704(d)(1)(E)
PROPOSED REGULATIONS ON QUALIFYING INCOME UNDER SECTION 7704(d)(1)(E) Summary of NAPTP Comments On May 6, 2015, the IRS released proposed regulations under section 7704(d)(1)(E) of the tax code relating to qualifying income for publicly traded partnerships (PTPs, more commonly known as...
| August 24, 2015
Income Tax Allowance for MLPs
2016-2018 MLPA Request for Clarification of FERC's “Revised Policy Statement on Treatment of Income Taxes" FERC News Release Announcing Change in Policy, March 15, 2018 MLPA Reply Comments Submitted April 7, 2017 MLPA Comments Submitted March 8, 2017 FERC Notice of...
| August 24, 2015
Inclusion of MLPs in Proxy Groups for Ratemaking
FERC Proposed Policy Statement and Request for Comments on Inclusion of MLPs in Proxy Groups, issued July 19, 2007 Initial Comments, submitted August 30, 2007 Reply Comments, submitted September 19, 2007 Additional Comments on Projecting MLP Growth, submitted December 21,...
| August 24, 2015
Regulations on Automatic Extension of Time for Filing Partnership Returns
Background In 2008 the IRS and Treasury Deaprtment issued regulations governing the automatic extension of time to file partnership returns. These rules shortened the automatic extension period for partnerships and certain other pass-through entities from six months to five months...
| August 24, 2015
MLPA Contact Information
One of the benefits of MLPA membership is access to a wide range of contacts with whom members can discuss common issues, seek answers to questions, and exchange information and ideas. These begin with the MLPA staff and government affairs...
| August 18, 2015
Public Affairs
MLPA's public affairs efforts are carried out by its public affairs firm, ICR under the direction of MLPA's Executive Director and the Public and Investor Relations Committee. Our public affairs team has developed both a one-page handout and an eight-page MLP...
| August 18, 2015
