Sec. 8. As used in this chapter, "incremental income tax" means the remainder of:
(1) the aggregate amount of covered local income taxes paid by employees employed in a tax area with respect to wages earned for work in the tax area for a particular state fiscal year; minus
(2) the base period amount.
As added by P.L.27-1992, SEC.28.
Structure Indiana Code
Article 7. Planning and Development
Chapter 27. Economic Development Tax Area
36-7-27-1. Application of Chapter
36-7-27-2. "Base Period Amount"
36-7-27-5. "Covered Local Income Taxes"
36-7-27-8. "Incremental Income Tax"
36-7-27-9. "Qualified Economic Development Tax Project"
36-7-27-12. Allocation Provision; Adoption; Notice; Certification of Base Period Amount
36-7-27-14. Bonds; Issuance; Purposes
36-7-27-15. Tax Covenant With Bond Owners
36-7-27-16. Pledge to Finance Economic Development Tax Project
36-7-27-18. Information Required to Be Disclosed by Employers