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.

This bill would let certain companies that are publicly traded on the stock market continue to be treated as partnerships for tax purposes, even if they earn money from clean energy activities. Right now, these types of companies can only keep their partnership tax status if most of their income comes from specific sources like rent, interest, or work related to minerals and natural resources. The bill would expand that list to include income from things like wind and solar power, nuclear energy, energy storage, hydrogen transportation, carbon capture, renewable chemicals, and processing biomass or solid waste into energy.

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