### Question
How does OTHER INSURANCE COMPANIES define adjusted taxable income?


### Answer
Under *26 U.S.C. § 833*, **adjusted taxable income** is defined as:

> taxable income determined—


(i) without regard to the deduction determined under this subsection,


(ii) without regard to any carryforward or carryback to such taxable year, and


(iii) by increasing gross income by an amount equal to the net exempt income for the taxable year

#### Citation:
  - *26 U.S.C. § 833*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter L-Insurance Companies > PART II-OTHER INSURANCE COMPANIES**

