N.J.S.A. 17:12B-6

Gross income

17:12B-6. Gross income "Gross income" shall mean the sum, for an accounting period, of the following: (a) Operating income. (b) Real estate income. (c) All profits actually received during such accounting period from the sale or transfer of securities, real estate or other property unless credited directly to reserve accounts. (d) Any nonrecurring income unless credited directly to reserve accounts. L.1963, c. 144, s. 6.

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This is the verbatim text of N.J.S.A. 17:12B-6, 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. Kyzer is not a law firm and this page is not legal advice.

N.J.S.A. 17:12B-6 — Gross income | Kyzer