Texas Family Code - Section 154.065. Self-Employment Income
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§ 154.065. SELF-EMPLOYMENT INCOME. (a) Income from
self-employment, whether positive or negative, includes benefits
allocated to an individual from a business or undertaking in the
form of a proprietorship, partnership, joint venture, close
corporation, agency, or independent contractor, less ordinary and
necessary expenses required to produce that income.
(b) In its discretion, the court may exclude from
self-employment income amounts allowable under federal income tax
law as depreciation, tax credits, or any other business expenses
shown by the evidence to be inappropriate in making the
determination of income available for the purpose of calculating
child support.
Added by Acts 1995, 74th Leg., ch. 20, § 1, eff. April 20, 1995.
Section: 154.012 154.013 154.014 154.061 154.062 154.063 154.064 154.065 154.066 154.067 154.068 154.069 154.070 154.121 154.122
Last modified: August 11, 2007
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