Sec. 20. (a) After entering into an agreement under section 12 of this chapter, the redevelopment commission shall send to the department of state revenue:

(1) a certified copy of the designation of the certified technology park under section 11 of this chapter;

Terms Used In Indiana Code 36-7-32-20

  • gross retail base period amount: means the aggregate amount of state gross retail and use taxes remitted under Indiana Code 36-7-32-6
  • income tax base period amount: means the aggregate amount of the following taxes paid by employees employed in the territory comprising a certified technology park with respect to wages and salary earned for work in the certified technology park for the state fiscal year that precedes the date on which the certified technology park was designated under section 11 of this chapter:

    Indiana Code 36-7-32-8

  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(2) a certified copy of the agreement entered into under section 12 of this chapter; and

(3) a complete list of the employers in the certified technology park and the street names and the range of street numbers of each street in the certified technology park.

The redevelopment commission shall update the list provided under subdivision (3) before July 1 of each year.

     (b) Not later than sixty (60) days after receiving a copy of the designation of the certified technology park, the department of state revenue shall determine the gross retail base period amount and the income tax base period amount.

As added by P.L.192-2002(ss), SEC.187.

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