Definition of adjusted gross income for individuals

Authority: IC 6-8.1-3-3 Affected: IC 6-3-1-3.5 Sec. 1. Adjusted Gross Income for Individuals Defined. For individuals, "Adjusted Gross Income" is "Adjusted Gross Income" as defined in Internal Revenue Code § 62 modified as follows: (1) Begin with gross income as defined in section 61 of the Internal Revenue Code. (2) Subtract any deductions allowed by section 62 of the Internal Revenue Code. (3) Make all modifications required by IC 6-3-1-3.5 (a). (Department of State Revenue; Reg 6-3-1-3.5(a)(010); filed Oct 15, 1979, 11:15 am: 2 IR 1511; errata, 2 IR 1743)