SB2641: Financing Our Energy Future Act
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
A bill to amend the Internal Revenue Code of 1986 to extend the publicly traded partnership ownership structure to energy power generation projects and transportation fuels, and for other purposes.
Plain-language summary
This bill would change tax rules to let energy companies use a special business structure called a publicly traded partnership for power generation and fuel transportation projects. Publicly traded partnerships allow investors to buy and sell shares like stocks while getting tax benefits. Currently, these partnerships are limited to certain industries like oil and gas. The bill would expand them to renewable and traditional power generation and fuel distribution. It is currently in the introductory stage and has not yet been assigned to a .
AI-generated summary
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SB2641: Financing Our Energy Future Act
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Sponsors
Christopher Coons
Primary SponsorCo-sponsors (10)
Jerry Moran
Angus King
Mike Braun
Mark Warner
Debbie Stabenow