"Income tax base period amount"
Ind. Code § 36-7-32.5-6
in effectSec. 6. As used in this chapter, "income tax base period amount" means the aggregate amount of state adjusted gross income taxes paid:
(1) 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; and
(2) by individuals who are not employees with respect to income received for services performed in the territory comprising an 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. However, the term does not include state adjusted gross income taxes otherwise attributable to an allocation area listed in section 10(b) of this chapter.
As added by P.L.135-2022, SEC.28. Amended by P.L.201-2023, SEC.274.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/36Fetched: 10/17/2026