The National Association of Publicly Traded Partnerships

The National Association of Publicly Traded Partnerships, formerly the Coalition of Publicly Traded Partnerships, is a trade association representing publicly traded ("master") limited partnerships (MLPs) and those who work with them.  The Association is an outgrowth of an informal lobbying organization which was formed in 1983. The Association and its predecessor have been highly successful in representing the interests of MLPs in Washington and state capitals, and in educating investors about MLPs.

Voting membership in the Association is open to all publicly traded limited partnerships or LLCs (including those in registration and about to trade); general partners or sponsors of MLPs; and  investment banking, law, accounting, and other service firms that work with MLPs.  Security analysts, fund managers, investment advisors, private equity firms, and others with an interest in the welfare of MLPs may become Associate Members. 

Membership dues for the Association are $16,000 for large partnership and general partner members (those whose with assets of more than $400 million and revenue of more than $200 million); $12,000 for small partnerships; $11,000 for national investment banking firms,  and $6,000 for accounting, law and other service firms, and regional investment banking firms; and $5,000 for Associate Members.  New members receive a 50% discount for their first year of membership.

Services which the Association provides to its members include:

• Monitoring and reporting to members on legislative, regulatory, and press developments affecting MLPs.
  
  
• Voting members may serve on committees which develop the Association’s position on legislative and regulatory developments, and others may make their concerns known through these committees.
  
  
• Representation before Congress on the executive branch on federal tax and other federal issues affecting MLPs, and coordination of efforts to influence state legislatures and agencies.
  
  
• Disseminating information on MLPs to the press, the investment community, and the general public, including an annual MLP Investor Conference at which only member MLPs may present.
  
  
• Providing a website to inform and educate investors and with information in the members’ section not available to the general public.
  
  
• Providing a clearinghouse through which members may share information and ideas.

Currently the Association's activities are focused on maintaining and improving the federal tax treatment of MLPs; monitoring federal legislation for provisions affecting MLPs; monitoring and influencing Treasury regulations affecting MLPs; exempting MLPs from state tax with­holding require­ments for nonresident partners and other onerous state tax provisions; and continuing efforts to increase understanding and acceptance of MLPs as an investment vehicle.

Management services are provided to the Association by Gnarus Advisors LLC. For further information on the Association or becoming a member, contact Mary Lyman, Executive Director, at 703-828-5945, or click here to send an e-mail.

 

The National Association of Publicly Traded Partnerships is a trade association exempted from federal income tax under section 501(c)(6) of the Internal Revenue Code.  Membership dues and other contributions to the Association cannot be deducted as a charitable contribution for federal income tax purposes, but may be deductible as a trade or business expense subject to the rules on nondeductibility of lobbying expenditures.