Ind. Code § 5-28-26-6

Current through P.L. 171-2024

Section 5-28-26-6 - "Income tax incremental amount"

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.

IC 5-28-26-6

Amended by P.L. 197-2016, SEC. 6, eff. 1/1/2017.

As added by P.L. 203-2005, SEC.2.