Enterprise zone business defined

For purposes of this part, the term “enterprise zone business” means— For purposes of this section, the term “qualified business entity” means, with respect to any taxable year, any corporation or partnership if for such year— For purposes of this section, the term “qualified proprietorship” means, with respect to any taxable year, any qualified business carried on by an individual as a proprietorship if for such year— For purposes of this section— Except as otherwise provided in this subsection, the term “qualified business” means any trade or business. The rental to others of real property located in an empowerment zone shall be treated as a qualified business if and only if— The rental to others of tangible personal property shall be treated as a qualified business if and only if at least 50 percent of the rental of such property is by enterprise zone businesses or by residents of an empowerment zone. The term “qualified business” shall not include any trade or business consisting predominantly of the development or holding of intangibles for sale or license. The term “qualified business” shall not include— any trade or business the principal activity of which is farming (within the meaning of subparagraph (A) or (B) of section 2032A(e)(5)), but only if, as of the close of the taxable year, the sum of— For purposes of this section, the term “nonqualified financial property” means debt, stock, partnership interests, options, futures contracts, forward contracts, warrants, notional principal contracts, annuities, and other similar property specified in regulations; except that such term shall not include— For purposes of this section, if—