IDAPA 35.01.01.172 — IDAHO CAPITAL GAINS DEDUCTION -- REVENUE-PRODUCING ENTERPRISE (RULE 172)

Section 63-3022H, Idaho Code
01.
Nonqualifying Activities. Examples of activities that do not qualify as a revenue-producing
enterprise include the following:
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a.
Retail sales;
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b.
Professional or managerial services;
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c.
Repair services or other service related activities;
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d.
Transportation activities, unless they are an integral part of the taxpayer's qualifying activity;
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e.
Telephone, cable, and internet services;
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f.
Agricultural services, such as horse training, veterinarian services, and crop dusting.
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02.
Multiple Activities. If a business is engaged in both revenue-producing and nonrevenue-producing
activities, tangible personal property must be used in the revenue-producing activity to qualify for the Idaho capital
gains deduction.
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03.
Examples. Available at Income Tax Rules Examples.
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