Sales factor - Denominator.

81-03-09-27. Sales factor - Denominator. The denominator of the sales factor shall include the total gross receipts derived by the taxpayer from transactions and activity in the regular course of its trade or business, except receipts excluded under section 81-03-09-34. History: Amended effective March 1, 1988. General Authority: NDCC 57-38-56 Law Implemented: NDCC 57-38.1-15, 57-59-01 (art.IV(15))