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N.J.S.A. § 54:8A-34.

"Net income" defined

Official textNew Jersey Statutes Annotated (Tax)lis.njleg.state.nj.uslast amended
Summarize

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.

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In this chapter (40 sections)
  1. 54:8A-9. · Standard deduction
  2. 54:8A-10. · Exemptions from net income
  3. 54:8A-11. · "Dependent" defined
  4. 54:8A-12. · "Related to taxpayer" defined
  5. 54:8A-13. · Dependent; claim by person contributing more than ten per…
  6. 54:8A-14. · "Eligibility year" defined
  7. 54:8A-15.1. · Household, and household and dependent care services…
  8. 54:8A-16. · Credits for tax imposed by another critical area state
  9. 54:8A-17. · Withholding tax
  10. 54:8A-18. · Payment of tax; returns; extension of time
  11. 54:8A-19. · Assignment of claim for refund of money paid or withheld in…
  12. 54:8A-20. · Transportation fund; purposes; authorization to use
  13. 54:8A-21. · Endowment fund; investment; use
  14. 54:8A-22. · Misapplication of funds; right to refund
  15. 54:8A-23. · "Source state" defined
  16. 54:8A-29. · Taxable year; annual accounting period; calendar year;…
  17. 54:8A-30. · "Partnership" defined
  18. 54:8A-31. · Partnership liability; inclusions in gross income
  19. 54:8A-32. · Computation of gross income of taxpayer
  20. 54:8A-33. · Income derived from sources within taxpayer's source state;…
  21. 54:8A-34. · "Net income" defined
  22. 54:8A-35. · Computation of net income; deductions
  23. 54:8A-36. · Computation of gross income from federal adjusted gross…
  24. 54:8A-37. · Additional deductions
  25. 54:8A-38. · Inventories
  26. 54:8A-39. · Net capital gain or loss; computation; deductions
  27. 54:8A-40. · Items not deductible
  28. 54:8A-41. · "Capital assets" defined
  29. 54:8A-42. · Basis of property; gain or loss from sale or other…
  30. 54:8A-43. · Agreements with taxpayer relating to liability
  31. 54:8A-44. · Persons required to file
  32. 54:8A-46. · Actions for collection of tax
  33. 54:8A-47. · Payment of tax; signing of documents; certification of…
  34. 54:8A-48. · Taxable year; method of accounting
  35. 54:8A-49. · Withholding return
  36. 54:8A-50. · Liability of employer required to withhold tax; special…
  37. 54:8A-51. · Failure of employer to deduct and withhold tax or to pay…
  38. 54:8A-52. · Reciprocity credit; relief from withholding
  39. 54:8A-53. · Delinquent return or taxes; penalties; interest; abatement…
  40. 54:8A-54. · Applicability of State Tax Uniform Procedure Law
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