Sec. 10. (a) Before the first business day in October of each year, the department of state revenue shall calculate the income tax incremental amount and the gross retail incremental amount for the preceding calendar year for the district.
(b) Businesses operating in the district shall report, in the manner and in the form prescribed by the department of state revenue, information that the department determines necessary to calculate incremental gross retail, use, and income taxes.
(c) It is the intent of this section to identify all sales, use, and income taxes of all taxpayers that are apportionable to the taxpayer's activities in the district. This section shall be broadly construed by the department of state revenue in order to achieve the purposes of IC 5-1-17.5.
As added by P.L.233-2013, SEC.4. Amended by P.L.190-2014, SEC.5.
Structure Indiana Code
Title 4. State Offices and Administration
Article 10. State Funds Generally
Chapter 23. Motorsports Investment District Credits
4-10-23-5. "Gross Retail Base Period Amount"
4-10-23-6. "Gross Retail Incremental Amount"
4-10-23-7. "Income Tax Base Period Amount"
4-10-23-8. "Income Tax Incremental Amount"
4-10-23-9. "Qualified Motorsports Facility"
4-10-23-10. Calculation of Incremental Amounts; Reporting
4-10-23-11. Determination of Incremental Amounts and Admissions Fees for Preceding Calendar Year
4-10-23-12. Notification of Amounts Determined; Credits Against Obligations