Ms. Kaprielian of Watertown moves that the bill be amended by adding after Section 26 the following sections:

SECTION 26A. Section 38 C of chapter 63 of the general laws is hereby amended by adding at the end thereof the following:- "The provision of this section defining a domestic research and development corporation as one whose principal activity is research and development and which, during the taxable year, derives more than 2/3 of its receipts attributable to the commonwealth from the activity or incurs more than 2/3 of its expenditures attributable to the commonwealth, allocable to such activity, shall be effective from January 1, 1998."

SECTION 26B. Section 42 B of chapter 63 of the general laws is hereby amended by adding at the end thereof the following:- "The provision of this section defining a foreign research and development corporation as one whose principal activity is research and development and which, during the taxable year, derives more than 2/3 of its receipts attributable to the commonwealth from the activity or incurs more than 2/3 of its expenditures attributable to the commonwealth, allocable to such activity, shall be effective from January 1, 1998.”