Intangible Income Law and Legal Definition
Intangible income means income got from intangible property or assets. For example, income arising from the ownership, sale, exchange, or other disposition of intangible property, patents, copyrights, trademarks, trade names and the like.
Example of a State Law (Ohio) defining Intangible income
ORC Ann. 718.01 defines "Intangible income" as income of any of the following types: income yield, interest, capital gains, dividends, or other income arising from the ownership, sale, exchange, or other disposition of intangible property including, but not limited to, investments, deposits, money, or credits as those terms are defined in Chapter 5701. of the Revised Code, and patents, copyrights, trademarks, tradenames, investments in real estate investment trusts, investments in regulated investment companies, and appreciation on deferred compensation. "Intangible income" does not include prizes, awards, or other income associated with any lottery winnings or other similar games of chance.
