Rev. Rul. 88-43

1988-1 C.B. 404, 1988-22 I.R.B. 43.

                       Internal Revenue Service

                                 Revenue Ruling

                              LIMITED PARTNERSHIPS

                            Published: May 31, 1988

26 CFR 301.7701-2: Associations

  Limited partnerships. The state of Florida 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.

  In Rev. Rul. 84-80, 1984-1 C.B. 275, as amplified by 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:

    Florida: Florida Statutes Annotated Section 620.101-620.186 (West Supp. 1987), effective January 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. 88-43, 1988-1 C.B. 404, 1988-22 I.R.B. 43.