Indiana § 5-28-26-6 "Income tax incremental amount"

Indiana Statutes

§ 5-28-26-6 — "Income tax incremental amount"

Indiana·Title 5 STATE AND LOCAL ADMINISTRATION·Art. 28 INDIANA ECONOMIC DEVELOPMENT·Ch. 26 Global Commerce Center Pilot Program

As used in this chapter, "income tax incremental amount" means the remainder of:

(1)the total amount of local income tax (IC 6-3.6) paid by employees employed in the territory comprising the global commerce center with respect to wages and salary earned for work in the territory comprising the global commerce center for a particular state fiscal year; minus

(2)the income tax base period amount; as determined by the department of state revenue.

Free access — add to your briefcase to read the full text and ask questions with AI

As used in this chapter, "income tax
incremental amount" means the remainder of:
(1) the total amount of local income tax (IC 6-3.6) paid by
employees employed in the territory comprising the global
commerce center with respect to wages and salary earned for
work in the territory comprising the global commerce center for
a particular state fiscal year; minus
(2) the income tax base period amount;
as determined by the department of state revenue.

Indiana § 5-28-26-6 ("Income tax incremental amount") — published by Counsel Stack Legal Research, free access to 12M+ legal documents.