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. C31L90RLE/HB2297A06476