Indiana Code 36-7-32.5-6. “Income tax base period amount”
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Sec. 6. As used in this chapter, “income tax base period amount” means the aggregate amount of state adjusted gross income taxes paid:
(2) by individuals who are not employees with respect to income received for services performed in the territory comprising an innovation development district;
(1) by employees employed in the territory comprising an innovation development district with respect to wages and salary earned for work in the innovation development district; and
Terms Used In Indiana Code 36-7-32.5-6
- 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.
for the state fiscal year that precedes the date on which the innovation development district was designated under section 9 of this chapter. However, the term does not include state adjusted gross income taxes otherwise attributable to an allocation area listed in section 10(b) of this chapter.
As added by P.L.135-2022, SEC.28. Amended by P.L.201-2023, SEC.274.