(1) Section 1013 of the Principal Act is hereby amended -
(a) in subsection (1) -
(i) by the insertion before the definition of "the aggregate amount" of the following definition -
"'active partner', in relation to a partnership trade, means a partner who works for the greater part of his or her time on the day-to-day management or conduct of the partnership trade;",
and
(ii) in the definition of "limited partner" -
(I) in paragraph (b), by the substitution of "reimbursed by some other person," for "reimbursed by some other person, or",
(II) in paragraph (c), by the substitution of "incurred for the purposes of the trade, or" for "incurred for the purposes of the trade;",
and
(III) by the insertion after paragraph (c) of the following paragraph:
"(d) a person who carries on the trade as a general partner in a partnership otherwise than as an active partner where the activities of the trade include the activity of -
(i) producing, distributing, or the holding of or of an interest in, fi
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