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: (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)