AN ACT AMENDING
THE NATIONAL INTERNAL REVENUE CODE, AS AMENDED,
AND FOR OTHER
PURPOSES
TITLE II
TAX ON INCOME
CHAPTER V
COMPUTATION
OF TAXABLE INCOME
SEC.
31. Taxable Income Defined. - The
term taxable income means the pertinent items of gross income specified
in this Code, less the deductions and/or personal and additional exemptions,
if any, authorized for such types of income by this Code or other special
laws.