54:8A-34. "Net income" defined
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/nj/title-54/chapter-8a/54-8a-34·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.