Corporate Taxes, Master Limited Partnerships, Income Taxes

Secondary U.S. Withholding for Transfers in Private Investment Funds Delayed Until January 1, 2023

Akin Gump Strauss Hauer & Feld LLP on 8/27/2021

Key Points - Fund-level liability for a buyer’s failure to withhold upon secondary market transfer of an LP interest in a fund with ECI assets will apply only for transfers on or after January 1, 2023. Certain...more

FERC Abandons Tax Allowance in MLP Pipeline Rate Setting and Signals Changes Due to Tax Act Rate Drop

Orrick, Herrington & Sutcliffe LLP on 3/22/2018

On Thursday, March 15, 2018, the Federal Energy Regulatory Commission (“FERC” or “Commission”) issued a series of orders and notices to address changing the treatment of income tax costs in rate setting for oil and natural...more

FERC Acts to Address Decrease in Federal Corporate Income Tax Rate

Alston & Bird on 3/21/2018

The effects of the Tax Cuts and Jobs Act are rippling through the energy industry. Our Energy Group explores how the Federal Energy Regulatory Commission considers accounting for the new corporate tax rate and what it could...more

FERC Addresses Effects of Tax Cuts on Jurisdictional Rates and Disallows Income Tax Component in MLP-Owned Partnership Pipeline...

Cadwalader, Wickersham & Taft LLP on 3/20/2018

On March 15, 2018, the Federal Energy Regulatory Commission (“FERC”) issued an order on remand disallowing an income tax component in cost-of-service rates charged by an interstate oil pipeline owned by a master limited...more

Proposed Tax Legislation - Highlights for Investment Funds

Dechert LLP on 12/20/2017

The final version of the proposed Tax Cuts and Jobs Act (the “Act”) was released on December 15, 2017. This legislation, unless amended again, is expected to be voted on this week in the U.S. House of Representatives and the...more

Senate Hearing on Extending the MLP Rules to Renewables

Akin Gump Strauss Hauer & Feld LLP on 8/2/2013

On July 31, 2013, the Senate Finance Subcommittee Energy, Natural Resources, and Infrastructure held a hearing on the Master Limited Partnership Parity Act (S. 765). The bill would extend the master limited partnership (MLP)...more