Public-domain · open source
OpenJurist

Ind. Code § 5-28-26-6

"Income tax incremental amount"

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

Sec. 6. 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.

Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.