Production means only farming and chemical production
What the document says“The term `production' shall not include activities other than agricultural production and chemical production.”
The section limits production to agricultural production and chemical production. A qualified product is any tangible personal property that is not a food or beverage prepared in the same building as a retail establishment where it is sold, and a taxpayer's activities must substantially transform the property making up the product.
What the document actually says“The term `production' shall not include activities other than agricultural production and chemical production.”
The word production covers only two kinds of work. Those are farming and making chemicals.
The goods made must be tangible. Food made and sold in the same shop does not count. The work must change the goods in a real way.
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