Indiana § 36-7-13-2.4 "Gross retail base period amount"

Indiana Statutes

§ 36-7-13-2.4 — "Gross retail base period amount"

Indiana § 36-7-13-2.4

Title 36LOCAL GOVERNMENT

Art. 7PLANNING AND DEVELOPMENT

Ch. 13Industrial Development

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Bluebook

Ind. Code § 36-7-13-2.4 (2026).

Text

4. Except as provided in section 10.7(c) of this chapter, as used in this chapter, "gross retail base period amount" means:

(1)the aggregate amount of state gross retail and use taxes remitted under IC 6-2.5 by the businesses operating in the territory comprising a district during the full state fiscal year that precedes the date on which:

(A)an advisory commission on industrial development adopted a resolution designating the district, in the case of a district that is not described in section 12(c) of this chapter; or

(B)the legislative body of a county or municipality adopts an ordinance designating a district under section 10.5 of this chapter;

(2)an amount equal to:

(A)the aggregate amount of state gross retail and use taxes remitted:

(i)under IC 6-2.5 by the businesses operatin

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4. Except as provided in section 10.7(c) of
this chapter, as used in this chapter, "gross retail base period amount"
means:
(1) the aggregate amount of state gross retail and use taxes
remitted under IC 6-2.5 by the businesses operating in the
territory comprising a district during the full state fiscal year that
precedes the date on which:
(A) an advisory commission on industrial development adopted
a resolution designating the district, in the case of a district that
is not described in section 12(c) of this chapter; or
(B) the legislative body of a county or municipality adopts an
ordinance designating a district under section 10.5 of this
chapter;
(2) an amount equal to:
(A) the aggregate amount of state gross retail and use taxes
remitted:
(i) under IC 6-2.5 by the businesses operating in the territory
comprising a district; and
(ii) during the month in which an advisory commission on
industrial development adopted a resolution designating the
district; multiplied by
(B) twelve (12);
in the case of a district that is described in section 12(c) of this
chapter; or
(3) an amount equal to the amount determined under subdivision
(1) or (2); plus:
(A) the aggregate amount of state gross retail and use taxes
remitted:
(i) under IC 6-2.5 by the businesses operating in the territory
added to the district; and
(ii) during the month in which a petition to modify the
district's boundaries is approved by the budget agency under
section 12.5 of this chapter; multiplied by
(B) twelve (12);
in the case of a district modified under section 12.5 of this
chapter.

Legislative History

As added by P.L.125-1998, SEC.5. Amended by P.L.138-1999, SEC.1; P.L.174-2001, SEC.2; P.L.178-2002, SEC.116; P.L.81-2004, SEC.31 and P.L.90-2004, SEC.4.