“Revenue producing activity,” as used in RSA 77-E:4, I(c) (3):

1. (a) Means the transactions and activities engaged in by the business enterprise for the ultimate purpose of obtaining gain or profit and includes, but is not limited to:

   1. (1) The rendering of personal services by employees or the utilization of tangible and intangible property by the business enterprise in performing a service;
   2. (2) The sale, rental, leasing, or other use of real property;
   3. (3) The sale, rental, leasing, licensing, or other use of tangible personal property; or
   4. (4) The sale, licensing, or other use of intangible personal property; and

2. (b) Does not include:

   1. (1) Transactions and activities performed for the business enterprise by independent contractors or other similar persons or entities; or
   2. (2) The mere holding of a security interest in intangible property.

Source. INTERIM #5708, eff 9-23-93, EXPIRED: 1-21-94; ss by #5774, eff 1-21-94; ss by #7178, eff 12-23-99, EXPIRED: 12-23-07 New. #9065, eff 1-10-08 (formerly Rev 2401.21); ss by #11032, eff 1-29-16 (from Rev 2401.10); renumbered by #11044 (formerly Rev 2401.11); renumbered by #13177 (formerly Rev 2401.13)