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Are receipts from the sale of patents, copyrights, and similar intellectual property included in the sales factor?

April 26, 2017Copyrights Factor included intellectual property patents receipts sale sales similar

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Are receipts from the sale of patents, copyrights, and similar intellectual property included in the sales factor?

1 Answer

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No. The statute specifically excludes from the sales factor receipts from the sale or other disposal of capital assets and IRC section 1231 assets.