The term "net income" means the gross income of a taxpayer less the deductions allowed by this act.
N.J. Stat. Ann. § 54:8A-34
"Net income" defined
Known as the Uniform Transitional Utility Assessment Act
The act spans §§ 54:10A-1 to 54:8A-99 (2,083 sections).
L.1961, c. 32, p. 142, s. 34, eff
Current official text: New Jersey Legislature. Digitized from the New Jersey Legislature bulk statutes download. Reproduced from public-domain New Jersey statutes; confirm against the official source for the current text. Not legal advice.