10A NCAC 63D .0307. NET FARM INCOME

Latest version.

Farm net income is determined by deducting the expense of making the crop from the amount received from the sale of the crop. This includes the value of stored crops for sale and rental of land to others, plus the sale of livestock, livestock products, and share crop returns. Income from farming is treated as earned income with the amount spread over a 12 month budgeting period.

History Note: Authority G.S. 111‑13; 111‑14; 111‑17; 143B‑157;

Eff. February 1, 1976;

Readopted Eff. November 16, 1977;

Amended Eff. February 1, 1982.

                    
                        var val = document.getElementById('citecontent').innerHTML;
                        art.dialog.defaults.title = window.location.href;
                        art.dialog.data('cite', val);
                        art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
                        art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');