36-7-26-12. "Net increment" defined

IN Code § 36-7-26-12 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

Sec. 12. As used in this chapter, "net increment" means, for a particular state fiscal year, the product of:

(1) the gross increment for the state fiscal year ending in the year of the determination; multiplied by

(2) the adjustment factor.

As added by P.L.35-1990, SEC.63.