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FERC Announces Tax Reform Actions and Eliminates Income Tax Allowance for Master Limited Partnerships

By Martha Groves Pugh & McDermott Will & Emery on March 23, 2018
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FERC announced actions in response to the 2017 tax reform legislation and a revised income tax policy, which eliminates the income tax allowance for Master Limited Partnerships. Regulated entities should ensure that they comply with FERC’s orders regarding the treatment of income taxes and consider whether to file comments on the proposed rulemaking and notice of inquiry.

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Photo of Martha Groves Pugh Martha Groves Pugh

Martha (Marty) Groves Pugh advises clients on federal income tax issues with a particular emphasis on the nuclear and energy industries. Marty has helped clients seek and receive many private letter rulings and has extensive experience in drafting legislative language for tax…

Martha (Marty) Groves Pugh advises clients on federal income tax issues with a particular emphasis on the nuclear and energy industries. Marty has helped clients seek and receive many private letter rulings and has extensive experience in drafting legislative language for tax proposals and interacting with the US Department of Treasury and the Internal Revenue Service on important industry issues. Her practice also includes tax planning for proposed transactions and advising clients on audits, appeals and litigation issues. Read Martha Groves Pugh’s full bio.

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  • Posted in:
    Energy
  • Blog:
    Energy Business Law
  • Organization:
    McDermott Will & Emery
  • Article: View Original Source

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