Non-Business Income Law and Legal Definition
Non-business income refers to all income other than business income or compensation. Non-business income includes income from dividends, interest, rents, royalties, and capital gains. Non-business income is always appropriated.
The following is an example of a state statute (Illinois) defining non-business income:
According to 35 ILCS 5/1501 (13), the term "nonbusiness income" means all income other than business income or compensation.
