Indiana Code 36-7-26-4. “Base period amount” defined
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Terms Used In Indiana Code 36-7-26-4
- commission: refers to a redevelopment commission established under IC 36-7-14. See Indiana Code 36-7-26-6
- district: refers to an economic development project district established under this chapter. See Indiana Code 36-7-26-8
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
Sec. 4. As used in this chapter, “base period amount” means the aggregate amount of state gross retail and use taxes remitted under IC 6-2.5 by the businesses operating in the district during the full state fiscal year that precedes the date on which the commission confirmed the resolution designating the district.
As added by P.L.35-1990, SEC.63.