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New Jersey Statutes, Title: 17, CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE

    Chapter 12b: Construction as revision of prior laws

      Section: 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.



This section added to the Rutgers Database: 2013-06-10 16:36:30.






Older versions of 17:12b-6 (if available):



Court decisions that cite this statute: CLICK HERE.