Indiana Code 5-28-26-5. “Income tax base period amount”
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Terms Used In Indiana Code 5-28-26-5
- 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.
Sec. 5. As used in this chapter, “income tax base period amount” means the total amount of local income tax (IC 6-3.6) paid by employees employed in the territory comprising a global commerce center with respect to wages and salary earned for work in the global commerce center for the state fiscal year that precedes the date on which the global commerce center was designated under section 12 of this chapter.
As added by P.L.203-2005, SEC.2. Amended by P.L.197-2016, SEC.5.