Indiana § 36-7-27-2 "Base period amount"

Indiana Statutes

§ 36-7-27-2 — "Base period amount"

Indiana·Title 36 LOCAL GOVERNMENT·Art. 7 PLANNING AND DEVELOPMENT·Ch. 27 Economic Development Tax Area

As used in this chapter, "base period amount"
means the aggregate amount of covered local income taxes paid by
employees employed in a tax area with respect to wages earned for
work in the tax area for the state fiscal year that precedes the date on
which the commission confirmed the resolution designating the tax
area. However, the base period amount with respect to a tax area
covered by section 11(c) of this chapter is zero (0).

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As used in this chapter, "base period amount"
means the aggregate amount of covered local income taxes paid by
employees employed in a tax area with respect to wages earned for
work in the tax area for the state fiscal year that precedes the date on
which the commission confirmed the resolution designating the tax
area. However, the base period amount with respect to a tax area
covered by section 11(c) of this chapter is zero (0).

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