Rev. Rul. 86-30

1986-1 C.B. 370, 1986-8 I.R.B. 24.

LIMITED PARTNERSHIPS

Published: February 24, 1986

Section 7701.-Definitions, 26 CFR 301.7701-2: Associations

  Limited partnerships. The states of Alabama, Minnesota, Nebraska, Oklahoma, West Virginia, and Wisconsin are added to the list of states that have enacted legislation that corresponds to the Uniform Limited Partnership Act for purposes of section 301.7701-2 of the regulations. Rev. Rul. 84-80 amplified.

  In Rev. Rul. 84-80, 1984-1 C.B. 275, Rev. Rul. 84-180, 1984-2 C.B. 314, and Rev. Rul. 85-178, 1985-43 I.R.B. 16, the Internal Revenue Service listed several states that revised their limited partnership statutes following the promulgation of the Revised Uniform Limited Partnership Act. The Service determined that the legislation enacted by those states corresponds to the Uniform Limited Partnership Act ('ULPA') for purposes of section 301.7701-2 of the Procedure and Administration Regulations.

  The Service has determined that the following additional states have enacted legislation that, as of the effective date, corresponds to ULPA for purposes of section 301.7701-2 of the regulations:

  ALABAMA: Ala. Code sections 10-9A-1 through 10-9A-203 (Supp. 1984) effective January 1, 1984.

  MINNESOTA: Minn. Stat. Ann. sections 322A.01 through 322A.87 (West 1982) effective January 1, 1981.

  NEBRASKA: Neb. Rev. Stat. Sections 67-237 through 67-297 (R.S. Supp., 1982) effective January 1, 1982.

  OKLAHOMA: Okla. Stat. Ann. tit. 54, sections 301 through 364 (West Supp.

1984) effective November 1, 1984.

  WEST VIRGINIA: W. Va. Code sections 47-9-1 through 47-9-63 (Michie Supp.

1984) effective January 1, 1982.

  WISCONSIN: Wis. Stat. Ann. sections 179.01 through 179.94 (West Supp. 1984) effective September 1, 1984.

EFFECT ON OTHER REVENUE RULINGS

  Rev. Rul. 84-80 is amplified.

Rev. Rul. 86-30, 1986-1 C.B. 370, 1986-8 I.R.B. 24.