Regulations provide rules for determining MLP qualifying income from certain mineral or natural resource-related activities and services.

On January 19, 2017, the US Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) issued final regulations (Regulations) under Internal Revenue Code (Code) Section 7704(d)(1)(E) relating to the classification of income from certain mineral or natural resource-related activities as qualifying income for publicly traded partnerships (PTPs) and master limited partnerships (MLPs). On January 24, 2017, the Regulations were published in the Federal Register — the impact, however, on the Regulations of a regulatory freeze imposed by the incoming administration in a January 20, 2017, White House memorandum is not immediately clear.