427A.485  “Income” defined.  “Income” means adjusted gross income, as defined in the Internal Revenue Code, and includes:

1.  Tax-free interest;

2.  The untaxed portion of a pension, individual retirement account or annuity;

3.  Railroad retirement benefits;

4.  Veterans’ pensions and compensation;

5.  Payments received pursuant to the federal Social Security Act, including supplemental security income, but excluding hospital and medical insurance benefits for persons who are aged or disabled;

6.  Public welfare payments, including allowances for shelter;

7.  Unemployment insurance benefits;

8.  Payments for lost time;

9.  Payments received from disability insurance;

10.  Disability payments received pursuant to workers’ compensation insurance;

11.  Alimony;

12.  Support payments;

13.  Allowances received by dependents of servicemen or servicewomen;

14.  The amount of recognized capital gains and losses excluded from adjusted gross income;

15.  Life insurance proceeds in excess of $5,000;

16.  Bequests and inheritances; and

17.  Gifts of cash of more than $300 not between household members and such other kinds of cash received by a household as the Division specifies by regulation.

(Added to NRS by 2001, 2656; A 2005, 22nd Special Session, 39)