Rules for investors in certain energy partnerships would get simpler tax treatment.
This bill, called the ACCESS Act, would update tax rules for publicly traded partnerships, especially those in energy. It would make it easier for certain investors, including foreign partners, to invest by simplifying how their income and sales are taxed. These changes aim to help these partnerships raise money more easily.
Today, certain income from publicly traded partnership units can be taxed as Unrelated Business Taxable Income for some owners, and foreign partners selling these interests face specific U.S. taxes and withholding. This bill would change these rules, excluding certain income from UBTI for smaller investors (owning less than 5 percent) and exempting certain sales by foreign partners (owning less than 10 percent for five years) from effectively connected income and withholding. It would also simplify other tax rules for these partnerships and investment companies.
HR 9841 · 119th Congress · July 22, 2026 · AI Summary by gemini-2.5-flash · 8/10
Sign in to see your representatives' phone numbers