Indiana Code 36-7.5-4.5-8. “Gross retail tax increment revenue”
Current as of: 2023 | Check for updates
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Sec. 8. As used in this chapter, “gross retail tax increment revenue” means the remainder of:
(2) the gross retail tax base period amount.
(1) the aggregate amount of state gross retail taxes that are remitted under IC 6-2.5 by retail merchants during a calendar year with respect to the retail merchants’ operations in the district; minus
Terms Used In Indiana Code 36-7.5-4.5-8
- district: refers to a transit development district established by the development authority under this chapter. See Indiana Code 36-7.5-4.5-6
- gross retail tax base period amount: means the aggregate amount of state gross retail taxes remitted under Indiana Code 36-7.5-4.5-7
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
As added by P.L.248-2017, SEC.10.