Current through Register Vol. 54, No. 49, December 7, 2024
Section 174.1 - Business entity(a) A rational and appropriate distinction may be made between enterprises operated for profit and those for nonprofit. The word "business" connotes being operated for profit. The purpose of Act 201 is to require disclosure of political contributions which could have been made with the object of obtaining financially remunerative nonbid contracts from government bodies. Nonprofit organizations would not normally benefit from these contracts, and are hereby deemed to fall outside the scope of the legislative intent.(b) Only those business entities doing business in this Commonwealth are required to report on the current version of Form DSEB-504, as described in § 177.9 (relating to official forms). Parent companies of subsidiaries doing business in this Commonwealth but which do not do business here themselves shall also be excluded, even when a director of the parent corporation also serves on the board of directors of the subsidiary. In that case, that director's knowledge is relevant only as it pertains to contributions of other directors of the subsidiary.(c) With the exemption of the business official authorized under the Business Corporation Law or analogous laws to sign the report on behalf of the business entity, there is no duty of any other business official to inquire as to the making of any political contributions by other business officials or employes.The provisions of this § 174.1 amended October 6, 2000, effective 10/7/2000, 30 Pa.B. 5138. This section cited in 4 Pa. Code § 177.9 (relating to official forms).