XML 47 R26.htm IDEA: XBRL DOCUMENT v3.22.0.1
Income Taxes
 12 Months Ended
Dec. 31, 2021
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The (provision) benefit for income taxes for the years ended December 31, 2021, 2020, and 2019 consisted of the following (in millions):
CEQPCMLP
 Year Ended December 31,Year Ended December 31,
 202120202019202120202019
Current:
Federal$(0.4)$(0.2)$(0.1)$— $0.1 $0.1 
State(0.2)(0.1)(0.2)(0.1)— (0.2)
Total current(0.6)(0.3)(0.3)(0.1)0.1 (0.1)
Deferred:
Federal0.3 (0.1)0.1 — — — 
State0.1 — (0.1)— — (0.2)
Total deferred0.4 (0.1)— — — (0.2)
(Provision) benefit for income taxes$(0.2)$(0.4)$(0.3)$(0.1)$0.1 $(0.3)

The effective rate differs from the statutory rate for the years ended December 31, 2021, 2020 and 2019, primarily due to the partnerships not being treated as a corporation for federal income tax purposes as discussed in Note 2.
 
Deferred income taxes related to the operations of CEQP’s wholly-owned taxable subsidiaries, IPCH Acquisition Corp. and Crestwood Gas Services GP LLC, and the impact of Texas Margin tax on our operations, and reflects the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes.

Components of our deferred income taxes at December 31, 2021 and 2020 are as follows (in millions).
CEQPCMLP
 December 31,December 31,
 2021202020212020
Total deferred tax asset(1)
$0.2 $0.2 $— $— 
Total deferred tax liability(1)
(2.5)(2.9)(0.8)(0.7)
Net deferred tax liability$(2.3)$(2.7)$(0.8)$(0.7)
(1)Relates to the basis difference in the stock of a company.

Uncertain Tax Positions. We evaluate the uncertainty in tax positions taken or expected to be taken in the course of preparing our consolidated financial statements to determine whether the tax positions are more likely than not of being sustained by the applicable tax authority. Such tax positions, if any, would be recorded as a tax benefit or expense in the current year. We believe that there were no uncertain tax positions that would impact our results of operations for the years ended December 31, 2021, 2020 and 2019 and that no provision for income tax was required for these consolidated financial statements. However, our conclusions regarding the evaluation of uncertain tax positions are subject to review and may change based on factors including, but not limited to, ongoing analyses of tax laws, regulations and interpretations thereof.