36-7.5-4.5-14. "State income tax increment revenue"

IN Code § 36-7.5-4.5-14 (2019) (N/A)
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Sec. 14. As used in this chapter, "state income tax increment revenue" means the remainder of:

(1) the aggregate amount of state adjusted gross income taxes paid or remitted during a calendar year with respect to wages and salary earned for work in the territory comprising a district; minus

(2) the state income tax base period amount.

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