On Inauguration Day, the Trump administration placed a broad freeze on the issuance of new regulations. Among the items suspended by the freeze are new final regulations defining master limited partnership qualifying income.
The final qualifying income regulations were released to the public by the Obama administration on the eve of Inauguration Day but had not been formally published in the Federal Register when the Trump administration imposed the freeze.
Once the new administration reviews the regulations, they may be approved, changed or rejected. The administration has not stated a timetable for review.
For a copy of the article in Texas Lawbook, please click the title link below: