Indiana Code 21-35-1-8. “Net income”
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Terms Used In Indiana Code 21-35-1-8
- Property: includes personal and real property. See Indiana Code 1-1-4-5
Sec. 8. “Net income” for purposes of IC 21-35-2 and IC 21-35-3, with respect to any property, means income minus the costs of operating, maintaining, and repairing the property except when these costs are otherwise paid.
[Pre-2007 Higher Education Recodification Citations: 20-12-7-1.3; 20-12-8-1.3.]
As added by P.L.2-2007, SEC.276.