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36-7.5-4.5-10. "Local income tax increment revenue"

IN Code § 36-7.5-4.5-10 (2019) (N/A)
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Sec. 10. As used in this chapter, "local income tax increment revenue" means the remainder of:

(1) the total amount of local income tax (IC 6-3.6) paid by employees employed in the district with respect to wages and salary earned for work in the territory comprising the district for a particular calendar year; minus

(2) the local income tax base period amount;

as determined by the department.

As added by P.L.248-2017, SEC.10.

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