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An MLP Update: The Final Regulations on Qualifying Income and Recent Delaware Supreme Court Opinions

On January 19, 2017, the Treasury Department and the IRS released final regulations providing guidance on the treatment of income from natural resource activities of publicly traded partnerships as qualifying income for purposes of section 7704(d)(1)(E) of the Internal Revenue Code.

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Additionally, recent decisions from Delaware courts could have significant ramifications for the “safe harbor” and “good faith” provisions typically found in MLP partnership agreements.

In this program, V&E lawyers provided an update on the final regulations and these recent Delaware decisions. 

This presentation was recorded and current as of January 25, 2017. Content viewed after this date may no longer be current.

This information is provided by Vinson & Elkins LLP for educational and informational purposes only and is not intended, nor should it be construed, as legal advice.