Federal Legislation

Many characteristics of PTPs derive from federal tax law and regulation.   Federal tax law has several provisions which apply specifically to PTPs and others of more general application which affect PTPs and their investors. The Association works to impact pending and existing law relating to publicly traded partnerships.  Because many states base their income tax system on the federal tax code, these rules will often apply at the state level as well. Our most recent legislative sucess was persuading Congress to expanding the energy activities in which PTPs can engage, allowing them to transport and store renewable fuels for the first time.

Additional information on specific issues impacting publicly traded partnerships can be found under the Federal Regulation and State sections of the website. Links to these areas can be found on the left of this page.  Updates on federal legislative developments affecting PTPs can also be found in the News and Information section of the website under "Legislative and Regulatory Developments.".