Indiana § 36-7-32-21 Annual computation; income tax incremental amount; gross retail
incremental amount; district business information

Indiana Statutes

§ 36-7-32-21 — Annual computation; income tax incremental amount; gross retail incremental amount; district business information

Indiana § 36-7-32-21

Title 36LOCAL GOVERNMENT

Art. 7PLANNING AND DEVELOPMENT

Ch. 32Certified Technology Parks

This text of Indiana § 36-7-32-21 (Annual computation; income tax incremental amount; gross retail incremental amount; district business information) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 36-7-32-21 (2026).

Text

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

(b)Taxpayers operating in the certified technology park shall report annually to the department of state revenue and to the office, in the manner and in the form prescribed by the department, information that the department determines necessary to calculate the net increment.

(c)A taxpayer operating in the certified technology park that files a consolidated tax return with the department also shall file annually:

(1)an informational return with the department for each business location of the taxpayer within

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(a) Before the first business day in October
of each year, the department of state revenue shall calculate the income
tax incremental amount and the gross retail incremental amount for the
preceding state fiscal year for each certified technology park designated
under this chapter.
(b) Taxpayers operating in the certified technology park shall report
annually to the department of state revenue and to the office, in the
manner and in the form prescribed by the department, information that
the department determines necessary to calculate the net increment.
(c) A taxpayer operating in the certified technology park that files
a consolidated tax return with the department also shall file annually:
(1) an informational return with the department for each business
location of the taxpayer within the certified technology park; and
(2) a copy of the informational return required under subdivision
(1) with the office.
(d) 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
income tax incremental amount and the gross retail incremental
amount.