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 August 31, 2023
Section 63-3022H, Idaho Code
01. Nonqualifying Activities. Examples of activities that do not qualify as a revenue-producing enterprise include the following: (4-6-23)
a. Retail
sales; (4-6-23)
b. Professional or
managerial services; (4-6-23)
c.
Repair services or other service related activities; (4-6-23)
d. Transportation activities, unless they are
an integral part of the taxpayer's qualifying activity; (4-6-23)
e. Telephone, cable, and internet services;
(4-6-23)
f. Agricultural services,
such as horse training, veterinarian services, and crop dusting.
(4-6-23)
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. (4-6-23)
03. Examples. Available at Income Tax Rules Examples. (4-6-23)
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