New Hampshire Code of Administrative Rules
Rev - Department of Revenue Administration
Chapter Rev 300 - BUSINESS PROFITS TAX
Part Rev 301 - DEFINITIONS
Section Rev 301.18 - Income-Producing Activity
Universal Citation: NH Admin Rules Rev 301.18
Current through Register No. 13, March 27, 2025
"Income-producing activity", as used in RSA 77-A:3, I(c), means:
(a) Transactions and activities directly engaged in by the business organization for the ultimate purpose of obtaining gain or profit and shall include, but not be limited to, the following:
(1) The rendering of personal services by
employees or the utilization of tangible and intangible property by the
business organization in performing a service;
(2) The sale, rental, leasing, or other use
of real property;
(3) The sale,
rental, leasing, licensing, or other use of tangible personal property;
or
(4) The sale, licensing or other
use of intangible personal property; and
(b) Does not mean:
(1) Transactions and activities performed for
the business organization by independent contractors or other similar persons
or entities; or
(2) The mere
holding of a security interest in intangible property.
#4192, eff 12-23-86; amd by #4438, eff 6-22-88; ss by #5490, eff 10-19-92; ss by #6853, eff 9-23-98; ss by #8709, eff 8-25-06
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