IC 36-7-32.5-6 : "Income tax base period amount"

Sec. 6. As used in this chapter, "income tax base period amount" means the aggregate amount of state adjusted gross income taxes paid by employees employed in the territory comprising an innovation development district with respect to wages and salary earned for work in the innovation development district for the state fiscal year that precedes the date on which the innovation development district was designated under section 9 of this chapter.

As added by P.L.135-2022, SEC.28.