Ind. Code § 36-7.5-4.5-14
"State income tax increment revenue"
Redline — January 1, 2018 → current.View current text →
Current — January 1, 2023
As of January 1, 2018
Sec. 14. As used in this chapter, "state income tax increment revenue" means the remainder of:
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 during a calendar year with respect to wages and salary earned for work in the territory comprising a district; minus
(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.
(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.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.