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  • SECTION 17
    Inventory
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  • SUBPART 1
    Tax On State Banks, Trust Companies, Financial Corporations and Savings and Loan Associations
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  • SECTION 19
    Computation of net income
    • This entry was published on 2014-09-22
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    SECTION 18

    Net income defined

    General City Model 772/66 (GCM) CHAPTER 772, PART 3, SUBPART 1

    § 18. Net income defined. The term "net income" means the gross
    income of a taxpayer less the deductions allowed by this subpart.