Sec. 25. (a) Employers operating in a district shall report annually, in the manner and in the form prescribed by the department, information that the department determines necessary to calculate the state income tax increment revenue and local income tax increment revenue.

     (b) Upon request of the department, employers in the district shall provide the department with:

Terms Used In Indiana Code 36-7.5-4.5-25

  • department: refers to the department of state revenue. See Indiana Code 36-7.5-4.5-4
  • district: refers to a transit development district established by the development authority under this chapter. See Indiana Code 36-7.5-4.5-6
  • local income tax increment revenue: means the remainder of:

    Indiana Code 36-7.5-4.5-10

  • state income tax increment revenue: means the remainder of:

    Indiana Code 36-7.5-4.5-14

(1) the names and addresses of all persons employed by the employer in the district;

(2) information concerning the wages earned by the persons for work performed in the district; and

(3) any other information the department requires to administer this chapter.

     (c) If an employer fails to report the information required by this section, the department shall use the best information available for calculating the local income tax increment revenue.

As added by P.L.248-2017, SEC.10.

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