H2297B3347A06476       RLE:CMM 03/31/08    #90             A06476
                       AMENDMENTS TO HOUSE BILL NO. 2297
                                    Sponsor:  REPRESENTATIVE ARGALL
                                           Printer's No. 3347

     1       Amend Title, page 1, line 12, by inserting after
     2    "officials,""
     3               further providing for the definition of "business";
     4       Amend Bill, page 1, lines 19 through 22, by striking out all
     5    of said lines and inserting
     6       Section 1.  The definition of "business" in section 103 of
     7    the act of October 6, 1998 (P.L.705, No.92), known as the
     8    Keystone Opportunity Zone, Keystone Opportunity Expansion Zone
     9    and Keystone Opportunity Improvement Zone Act, amended December
    10    20, 2000 (P.L.841, No.119), is amended to read:
    11    Section 103.  Definitions.
    12       The following words and phrases when used in this act shall
    13    have the meanings given to them in this section unless the
    14    context clearly indicates otherwise:
    15       "Business."  An association, partnership, corporation, sole
    16    proprietorship, limited liability company or employer other than
    17    a provider of professional services, including, but not limited
    18    to, legal or accounting services.
    19       * * *
    20       Section 1.1.  The act is amended by adding sections to read:

    21       Amend Bill, page 7, by inserting between lines 9 and 10
    22       Section 3.1.  The amendment of the definition of "business"
    23    in section 103 of the act shall apply prospectively, beginning
    24    on the effective date of this section, and shall neither be
    25    construed to nullify a tax benefit obtained prior to the
    26    effective date of this section nor result in any change to the
    27    tax status of a business that qualified for special tax benefits
    28    prior to the amendment of the definition of "business" in
    29    section 103.