"Net income" defined

N.J.S.A. 54:8A-34, under Chapter 8A.

N.J.S.A. 54:8A-34

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.