Rev. Rul. 88-23
1988-1 C.B. 404, 1988-15 I.R.B. 7.
Internal Revenue Service
Revenue Ruling
LIMITED PARTNERSHIPS
Published: April 11, 1988
26 CFR 301.7701-2: Associations
Limited partnerships. The state of Texas is 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.
The Service has announced in Rev. Rul. 88-23 that Texas has been added to the list of states that have enacted legislation that corresponds to the Uniform Limited Partnership Act for purposes of regulation section 301.7701-2. Rev. Rul. 84-80, 1984-1 C.B. 275, is amplified.
In Rev. Rul. 84-80, 1984-1 C.B. 275, Rev. Rul. 84-180, 1984-2, C.B. 314, Rev. Rul. 85-178, 1985-2 C.B. 338, Rev. Rul. 86-30, 1986-1 C.B. 370, and Rev. Rul. 86-112, 1986-2 C.B. 214, 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 state has enacted legislation that, as of its effective date, corresponds to the ULPA for purposes of section 301.7701-2 of the regulations:
Texas: Texas Revised Civil Statutes Annotated, art. 6132a-1, effective September 1, 1987.
EFFECT ON OTHER RULINGS
Rev. Rul. 84-80 is amplified.
DRAFTING INFORMATION
The principal author of this revenue ruling is Joseph Vukovich of the Individual Tax Division. For further information regarding this revenue ruling contact Mr. Vukovich on (202) 566-6460 (not a toll-free call).
Rev. Rul. 88-23, 1988-1 C.B. 404, 1988-15 I.R.B. 7.