“Qualified production activities income” means the amount of the claimant’s production gross receipts for the taxable year that exceeds the sum of the cost of goods sold that are allocable to such receipts, the direct costs that are allocable to such receipts, and the indirect costs multiplied by the production gross receipts factor. “Qualified production activities income” does not include any of the following: a.
(a)#
Income from film production.
(b)#
Income from producing, transmitting, or distributing electricity, natural gas, or potable water.
(c)#
Income from constructing real property.
(d)#
Income from engineering or architectural services performed with respect to constructing real property.
(e)#
Income from the sale of food and beverages prepared by the claimant at a retail establishment.
(f)#
Income from the lease, rental, license, sale, exchange, or other disposition of land.