Sec. 8. As used in this chapter, "income tax incremental amount" means the remainder of:
(1) the aggregate amount of state adjusted gross income taxes paid or remitted during a calendar year with respect to income earned or attributable to the taxpayer's activities in the district; minus
(2) the income tax base period amount.
As added by P.L.233-2013, SEC.4. Amended by P.L.190-2014, SEC.4.
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