In computing the combined income of the head of a household and his spouse, for purposes of determining eligibility for the real property tax exemption provided for by chapter 168, Laws of 1965, Ex. Sess., the following, except to the extent that they represent a return of capital or investment, are to be included: Social security benefits; railroad retirement benefits; teachers' retirement allowances; state, municipal and county employee retirement benefits; and private company pensions.
AGO 1967 NO. 5 > Feb 14 1967
TAXATION - EXEMPTION - COMPUTATION OF INCOME UNDER SUBSECTION (7), § 2, CHAPTER 168, LAWS OF 1965, EX. SESS.