NAICS


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Related to NAICS: sic, SIC code

NAICS

North American Industrial Classification System. A system of six digit codes used in business to classify the industry to which a company belongs. The NAICS was created by the U.S. Office of Management and Budget in 1997 to facilitate communication within and between businesses and industries. For example, an iron ore mining company might file under the code 212210.
References in periodicals archive ?
The NAIC and the industry moved quickly to establish a state-level, statutory framework that would prevent federal antitrust action.
NAICS 442210, Floor Covering Stores, comprises establishments that retail new floor coverings, such as rugs and carpets, vinyl floor coverings, and floor tile (except ceramic or wood only).
The third unique aspect of the FRB's introduction of NAICS was the preparation of consistent series using a technique based on microdata records of manufacturing establishments to estimate the detailed industry components classified according to NAICS.
If, within the same business, a taxpayer conducts separate activities that have different NAICS codes, it is necessary to establish which NAICS code describes the principal activity of the taxpayer; this determines whether the business is eligible to use the cash method.
In the next section, the development and principles of NAICS are discussed.
The changeover to NAICS reflects a different conceptual framework.
"Recognizing that our customers are familiar with the long-standing SIC system, D&B has established the NAICS Advisory Network to help direct marketers and information professionals to manage the impact of NAICS on their information systems while immediately leveraging the, benefits of this new industry classification."
As with the old 1987 SIC, the 1997 NAICS will index a variety of applications beyond statistical economic analysis and reporting.
DOI/BUREAU OF LAND MANAGEMENT: $147,844 (NAICS: 561320)
PATENT & TRADEMARK OFC: $1,363,714 (NAICS: 561422)
DOL/EMPLOYMENT & TRAINING ADMIN: $298,322 (NAICS: 561990)
DHS/CUSTOMS & BORDER PROTECTION: $55,957 (NAICS: 238210)