Section Rev 301.18 - Income-Producing Activity "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.N.H. Code Admin. R. Rev 301.18
#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
Amended byVolume XXXV Number 06, Filed February 12, 2015 , Proposed by #10758, Effective 1/16/2015 (from Rev 301.16) renumbered by #13177 (formerly Rev 301.17). Expires1/16/2025.