Indiana Code 36-7-26-10. “Gross increment” defined
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Terms Used In Indiana Code 36-7-26-10
- base period amount: means the aggregate amount of state gross retail and use taxes remitted under Indiana Code 36-7-26-4
- department: refers to the department of state revenue. See Indiana Code 36-7-26-7
- district: refers to an economic development project district established under this chapter. See Indiana Code 36-7-26-8
Sec. 10. As used in this chapter, “gross increment” means the aggregate amount of state gross retail and use taxes that are remitted under IC 6-2.5 by businesses operating in the district, as determined by the department under section 23 of this chapter, minus the base period amount.
As added by P.L.35-1990, SEC.63.