NAC118B.320. “Income” defined.  


Latest version.
  • “Income” means gross income received from all sources including:

         1. Wages and salaries;

         2. Net income from business activities or investments;

         3. Industrial insurance benefits;

         4. Payments received for social security;

         5. Railroad retirement benefits;

         6. Unemployment compensation;

         7. Benefits received from a labor organization while on strike;

         8. Compensation received from the Department of Veterans Affairs;

         9. Public assistance, including aid to families with dependent children, supplemental security income, food stamps and training stipends;

         10. Alimony;

         11. Payments for child support;

         12. Military allowances for families;

         13. Pensions;

         14. Insurance or annuity payments;

         15. Scholarships, grants, fellowships, assistantships or any other financial assistance for education;

         16. Dividends;

         17. Interest;

         18. Net rental income;

         19. Net royalties;

         20. Income received from trusts or estates;

         21. Net gambling winnings;

         22. Capital gains;

         23. Gifts;

         24. Bonuses; and

         25. Inheritances.

     (Added to NAC by Mfd. Housing Div., eff. 12-27-93)