Company: BIP-PB
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014380
Chunk: 142

Company: Brookfield Infrastructure Partners L.P.
Filing Date: 2025-03-24
Form: 20-F
Item: Item 3
Chunk 142
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 income tax purposes, the value of our units might be adversely affected.

The value of our units to unitholders will depend in part on the treatment of our partnership and the Holding LP as partnerships for U. S. federal income tax purposes. However, in order for our partnership to be treated as a partnership for U. S. federal income tax purposes, under present law, 90% or more of our partnership’s gross income for every taxable year must consist of qualifying income, as defined in Section 7704 of the U. S. Internal Revenue Code of 1986, as amended (“ U. S. Internal Revenue Code”), and our partnership must not be required to register, if it were a U. S. corporation, as an investment company under the Investment Company Act and related rules. Although our General Partner intends to manage our partnership’s affairs so that our partnership will not need to be registered as an investment company if it were a U. S. corporation and so that it will meet the 90% test described above in each taxable year, there can be no assurance that our partnership will meet these requirements, or that current law will not change so as to cause, in either event, our partnership to be treated as a corporation for U. S. federal income tax purposes. If our partnership (or the Holding LP) were treated as a corporation for U. S. federal income tax purposes, adverse U. S. federal income tax consequences could result for our unitholders and our partnership (or the Holding LP, as applicable), as described in greater detail in Item 10. E “ Taxation - Certain Material U. S. Federal Income Tax Considerations - Partnership Status of Our Partnership and the Holding LP”.

We may be subject to U. S. backup withholding tax or other U. S. withholding taxes if any unitholder fails to comply with U. S. tax reporting rules or if the IRS or other applicable state or local taxing authority does not accept our withholding methodology, and such excess withholding tax cost will be an expense borne by our partnership and, therefore, by all of our unitholders on a pro rata basis.

44 Brookfield Infrastructure

We may become subject to U. S. “backup” withholding tax or other U. S. withholding taxes with respect to any unitholder who fails to timely provide our partnership (or the applicable clearing agent or other intermediary) with an IRS Form W-9 or IRS Form W-8, as the case may be, or if the withholding