REVENUE RULE 93-45

1993-2 C.B. 308, 1993-24 I.R.B. 58.

Internal Revenue Service
Revenue Ruling

LIMITED PARTNERSHIPS

Published: July 6, 1993

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

Limited partnerships. The New Jersey Uniform Limited Partnership Law (1976) corresponds to the Uniform Limited Partnership Act (ULPA) for purposes of § 301.7701-2 of the regulations. Rev.Rul. 93-2 amplified.

In Rev.Rul. 93-2, 1993-1 I.R.B. 8, the Internal Revenue Service listed the states whose revised uniform limited partnership acts the Service had examined and determined correspond to the Uniform Limited Partnership Act (ULPA) for purposes of § 301.7701-2 of the Procedure and Administration Regulations. The New Jersey Uniform Limited Partnership Law (1976), effective January 1, 1985, was included on that list.

The Service has now further determined that New Jersey has enacted legislation that, as of its effective date with amendments, corresponds to the ULPA for purposes of § 301.7701-2 of the regulations. N.J.Stat.Ann. sections 42:2A-1 through 42:2A-72 (West 1993) effective April 1, 1985, with amendments effective through January 18, 1992.

EFFECT ON OTHER RULINGS

Rev.Rul. 93-2 is amplified.

DRAFTING INFORMATION

The principal author of this revenue ruling is James A. Quinn of the Office of Assistant Chief Counsel (Passthroughs and Special Industries). For further information regarding this revenue ruling, contact Mr. Quinn on (202) 622-3060 (not a toll-free call).

Rev. Rul. 93-45, 1993-2 C.B. 308, 1993-24 I.R.B. 58.