Sec. 12. As used in this chapter, "net increment" means, for a particular state fiscal year, the product of:
(1) the gross increment for the state fiscal year ending in the year of the determination; multiplied by
(2) the adjustment factor.
Ind. Code § 36-7-26-12
"Net increment" defined
As added by P.L.35-1990, SEC.63.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.