Sec. 14. (a) As used in this chapter, "state income tax increment revenue" means the remainder of:
(1) the aggregate amount of state adjusted gross income taxes paid or remitted for a calendar year with respect to:
(A) wages and salary earned for work in the territory comprising a district; and
(B) income earned by residents living within the district; minus
(2) the state income tax base period amount.
(b) If an individual is a resident of one (1) district and is employed within another district during a calendar year, the state income tax for the individual shall be attributed to the district in which the individual resides.