§ 47:46 — Exclusion from gross income; compensation for injuries or sickness

§46. Exclusion from gross income; compensation for injuries or sickness
Gross income does not include:
(1) amounts received under workers' compensation acts as
compensation for personal injuries or sickness;
(2) the amounts of any damages received (whether by suit or
agreement) on account of personal injuries or sickness;
(3) amounts received through accident or health insurance for personal
injuries or sickness (other than amounts received by an employee, to the extent
such amounts (a) are attributable to contributions by the employer which were
not includible in the gross income of the employee, or (b) are paid by the
employer); and
(4) amounts received as a pension, annuity, or similar allowance for
personal injuries or sickness resulting from active service in the armed forces
of any country or in the coast and geodetic survey or the public health service.

Legislative History

Amended by Acts 1958, No. 242, §3.