Indiana § 36-7-32.5-6 "Income tax base period amount"

Indiana Statutes

§ 36-7-32.5-6 — "Income tax base period amount"

Indiana § 36-7-32.5-6

Title 36LOCAL GOVERNMENT

Art. 7PLANNING AND DEVELOPMENT

Ch. 32.5Innovation Development Districts

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Bluebook

Ind. Code § 36-7-32.5-6 (2026).

Text

As used in this chapter, "income tax base period amount" means the aggregate amount of state adjusted gross income taxes paid:

(1)by employees employed in the territory comprising an innovation development district with respect to wages and salary earned for work in the innovation development district; and

(2)by individuals who are not employees with respect to income received for services performed in the territory comprising an innovation development district; for the state fiscal year that precedes the date on which the innovation development district was designated under section 9 of this chapter. However, the term does not include state adjusted gross income taxes otherwise attributable to an allocation area listed in section 10(b) of this chapter.

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As used in this chapter, "income tax base
period amount" means the aggregate amount of state adjusted gross
income taxes paid:
(1) by employees employed in the territory comprising an
innovation development district with respect to wages and salary
earned for work in the innovation development district; and
(2) by individuals who are not employees with respect to income
received for services performed in the territory comprising an
innovation development district;
for the state fiscal year that precedes the date on which the innovation
development district was designated under section 9 of this chapter.
However, the term does not include state adjusted gross income taxes
otherwise attributable to an allocation area listed in section 10(b) of
this chapter.