Westlake Chemical Partners LP (WLKP) Makes Statement on Proposed New IRS Regulations and Provides Information on Comment Process

- Believes the Original IRS Private Letter Ruling (PLR) on "Qualifying Income" For Partnerships Is Correct and Consistent with Tax Code - Believes Proposed Regulations Unfair to WLKP and Westlake Chemical Corporation's (WLK) Investors - Is Actively Participating in Meetings with Treasury and IRS

Westlake Chemical Partners LP Statement on Proposed Regulations Relating to its Qualifying Income Activities

HOUSTON , May 5, 2015 /PRNewswire/ -- The Internal Revenue Service (the " IRS ") and U.S. Department of Treasury ("Treasury") today issued proposed regulations under section 7704(d)(1)(E) of the Internal Revenue Code of 1986, as amended (the "Code") relating to qualifying income from the