Indiana Code 4-10-23-6. “Gross retail incremental amount”
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Sec. 6. As used in this chapter, “gross retail incremental amount” means the remainder of:
(2) the gross retail base period amount.
(1) the aggregate amount of state gross retail and use taxes that are remitted under IC 6-2.5 by a taxpayer during a calendar year with respect to its operations in a district; minus
Terms Used In Indiana Code 4-10-23-6
- district: refers to a motorsports investment district established under Indiana Code 4-10-23-4
- gross retail base period amount: means the aggregate amount of state gross retail and use taxes remitted under Indiana Code 4-10-23-5
- 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.233-2013, SEC.4. Amended by P.L.190-2014, SEC.2.