§235-7.3 Royalties derived from patents, copyrights, or trade secrets excluded from gross income. (a) In addition to the exclusions in section 235-7, there shall be excluded from gross income, adjusted gross income, and taxable income, amounts received by an individual or a qualified high technology business as royalties and other income derived from any patents, copyrights, and trade secrets:
(b) With respect to performing arts products, this exclusion shall extend to:
(c) For the purposes of this section:
"Performing arts products" means:
"Qualified high technology business" means a business that conducts more than fifty per cent of its activities in qualified research.
"Qualified research" means: