54:8A-34. "Net income" defined
The term "net income" means the gross income of a taxpayer less the deductions allowed by this act.
L.1961, c. 32, p. 142, s. 34, eff. May 29, 1961.
This is the verbatim text of N.J.S.A. 54:8A-34, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. KyzerLex is not a law firm and this page is not legal advice.