What are the expected state income tax consequences to the WPZ unitholders resulting from the transaction and how will the transaction affect their state taxes?

Q:

What are the expected state income tax consequences to the WPZ unitholders resulting from the transaction and how will the transaction affect their state taxes?

A:

The taxable transaction should have state income tax consequences.  Your most recent Schedule K-1 will report state apportionment factors to help estimate your state income tax impact.  You should consult your own tax advisor to determine the specific consequences to you of the transaction.