U.S. IRS Issues Proposed Regulations on Master Limited Partnership Income


The U.S. Internal Revenue Service (“IRS”) has published proposed regulations clarifying which activities generate “qualifying income” for a Master Limited Partnership (“MLP”). MLPs are partnerships whose ownership interests are traded on a securities exchange or secondary market. MLPs benefit from similar liquidity and access to markets as corporations, without being subject to an entity-level tax.

Reference the full Bloomberg BNA article above to find out more about qualifying income within Master Limited Partnerships and the proposed regulations clarifying which activities qualify.