Ind. Code § 36-7.5-4.5-10
"Local income tax increment revenue"
Redline — January 1, 2018 → current.View current text →
Current — January 1, 2023
As of January 1, 2018
Sec. 10. As used in this chapter, "local income tax increment revenue" means the remainder of:
Sec. 10. (a) As used in this chapter, "local income tax increment revenue" means the remainder of:
(1) the total amount of local income tax (IC 6-3.6) paid by employees employed in the district with respect to wages and salary earned for work in the territory comprising the district for a particular calendar year; minus
(1) the total amount of local income tax (IC 6-3.6) paid by: (A) employees employed in the district with respect to wages and salary earned for work in the territory comprising the district for a particular calendar year; and (B) residents living within the district; minus
(2) the local income tax base period amount;
(2) the local income tax base period amount;
as determined by the department.
as determined by the department.
(b) If an individual is a resident of one (1) district and is employed within another district during a calendar year, the local income tax for the individual shall be attributed to the district in which the individual resides.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.