H.R. 2545 · 119th Congress
Financing Our Energy Future Act
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EstesSponsor1 cosponsor · 1 D
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill allows a publicly traded partnership to derive income from certain clean energy-related activities and still be treated as a partnership for federal income tax purposes.
What it does: CRS summary · Introduced in House · Apr 1, 2025
Financing Our Energy Future Act
This bill allows a publicly traded partnership to derive income from certain clean energy-related activities and still be treated as a partnership for federal income tax purposes.
As background, a publicly traded partnership is a partnership whose interests are traded on an established securities market (or readily tradable on a secondary market). A publicly traded partnership generally is treated as a corporation for federal income tax purposes unless 90% or more of such partnership’s gross income is qualifying income.
Under current law, qualifying income includes
- interest and dividends;
- real property rents;
- gain from the sale (or disposition) of real property;
- income from certain activities related to minerals and natural resources, source carbon dioxide, and the transportation or storage of certain fuels; and
- gain from the sale (or disposition) of a capital asset or commodities.
Under the bill, the qualifying income is expanded to include income derived from
- electric power (or thermal energy) generated from renewable energy sources (e.g., wind and solar energy), qualified gasification projects, or advanced nuclear facilities;
- accepting or processing open-loop biomass or municipal solid waste (by certain facilities);
- the storage of electric power or thermal energy using certain energy storage technology;
- the generation, storage, or distribution of electric power (or thermal energy) using combined heat and power system property;
- fuels that use certain carbon oxides as primary feedstock;
- certain renewable chemicals;
- transportation or storage of liquefied or compressed hydrogen;
- the conversion of renewable biomass; and
- certain carbon capture and sequestration facilities.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Financing Our Energy Future Act
Latest action (Apr 1, 2025): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: Apr 1, 2025
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.