Indiana § 36-7-13-14 Tax incremental amount calculations; district business duties

Indiana Statutes

§ 36-7-13-14 — Tax incremental amount calculations; district business duties

Indiana § 36-7-13-14

Title 36LOCAL GOVERNMENT

Art. 7PLANNING AND DEVELOPMENT

Ch. 13Industrial Development

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Bluebook

Ind. Code § 36-7-13-14 (2026).

Text

(a)Before the first business day in October of each year, the department shall calculate the income tax incremental amount and the gross retail incremental amount for the preceding state fiscal year for each district designated under this chapter.

(b)Businesses operating in the district shall report annually, in the manner and in the form prescribed by the department, information that the department determines necessary to calculate incremental gross retail, use, and income taxes. A taxpayer operating in the district that files a consolidated tax return with the department also shall file annually an informational return with the department for each business location of the taxpayer within the district. If a taxpayer fails to report the information required by this section or file an inf

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(a) Before the first business day in October
of each year, the department shall calculate the income tax incremental
amount and the gross retail incremental amount for the preceding state
fiscal year for each district designated under this chapter.
(b) Businesses operating in the district shall report annually, in the
manner and in the form prescribed by the department, information that
the department determines necessary to calculate incremental gross
retail, use, and income taxes. A taxpayer operating in the district that
files a consolidated tax return with the department also shall file
annually an informational return with the department for each business
location of the taxpayer within the district. If a taxpayer fails to report
the information required by this section or file an informational return
required by this section, the department shall use the best information
available in calculating the incremental gross retail, use, and income
taxes.
(c) Not later than sixty (60) days after receiving a certification of a
district's modified boundaries under section 12.5(c) of this chapter, the
department shall recalculate the income tax incremental amount and
the gross retail incremental amount for the preceding state fiscal year
for a district modified under section 12.5 of this chapter.

Legislative History

As added by P.L.125-1998, SEC.18. Amended by P.L.81-2004, SEC.38 and P.L.90-2004, SEC.11; P.L.199-2005, SEC.35; P.L.113-2010, SEC.132; P.L.172-2011, SEC.145; P.L.261-2013, SEC.42.