Idaho Administrative Code
Title IDAPA 35 - Tax Commission, State
Rule 35.01.01 - INCOME TAX ADMINISTRATIVE RULES
Section 35.01.01.172 - IDAHO CAPITAL GAINS DEDUCTION - REVENUE-PRODUCING ENTERPRISE
Universal Citation: ID Admin Code 35.01.01.172
Current through September 2, 2024
Section 63-3022H, Idaho Code
01. Nonqualifying Activities. Examples of activities that do not qualify as a revenue-producing enterprise include the following:
a. Retail sales;
b. Professional or managerial services;
c. Repair services or other service related activities;
d. Transportation activities, unless they are an integral part of the taxpayer's qualifying activity;
e. Telephone, cable, and internet services;
f. Agricultural services, such as horse training, veterinarian services, and crop dusting.
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.
03. Examples. Available at Income Tax Rules Examples.
Effective April 6, 2023
Disclaimer: These regulations may not be the most recent version. Idaho may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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