Ind. Code § 36-7-13-3.4
"Income tax incremental amount"
Indiana · Indiana Code Title 36 — Local Government · Status: effective
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- Ind. Code § 36-7-13-3.4, "Income tax incremental amount", Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1685342
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Sec. 3.4.
(a) Except as provided in subsection (b), as used in this chapter, "income tax incremental amount" means the remainder of:
(1) the aggregate amount of state and local income taxes paid by employees employed in a district with respect to wages earned for work in the district for a particular state fiscal year; minus
(2) the sum of the:
(A) income tax base period amount; and
(B) tax credits awarded by the economic development for a growing economy board under IC 6-3.1-13 to businesses operating in a district as the result of wages earned for work in the district for the state fiscal year;
as determined by the department of state revenue under section 14 of this chapter.
(b) For purposes of a district designated under section 12.1 of this chapter, "income tax incremental amount" means seventy-five percent (75%) of the amount described in subsection (a).