REVENUE RULE 94-10

1994-1 C.B. 316, 1994-6 I.R.B. 12.

Internal Revenue Service
Revenue Ruling

LIMITED PARTNERSHIPS

Published: February 7, 1994

Section 7701.--Definitions, 26 CFR 301.7701-2: Associations.
Limited partnerships. The Pennsylvania Revised Uniform Limited Partnership Act corresponds to the Uniform Limited Partnership Act (ULPA) for purposes of section 301.7701-2 of the regulations. Rev. Rul. 94-2 amplified.

In Rev. Rul. 94-2, 1994-1 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 s 301.7701-2 of the Procedure and Administration Regulations.

The Service has determined that Pennsylvania has enacted legislation that, as of its effective date with amendments, corresponds to the ULPA for purposes of s 301.7701-2:15 Pa.Cons.Stat.Ann. sections 8501 through 8594, and section 8103 (Purdon Supp.1993) effective October 1, 1989, with amendments effective through November 20, 1993.

EFFECT ON OTHER RULINGS

Rev. Rul. 94-2 is amplified.

DRAFTING INFORMATION

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

Rev. Rul. 94-10, 1994-1 C.B. 316, 1994-6 I.R.B. 12.