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Current as of January 02, 2024 | Updated by Findlaw Staff
Sec. 2.6. (a) Except as provided in subsection (b), as used in this chapter, “gross retail incremental amount” means the remainder of:
(1) the aggregate amount of state gross retail and use taxes that are remitted under IC 6-2.5 by businesses operating in a district during a state fiscal year; minus
(2) the gross retail base period amount;
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, “gross retail incremental amount” means seventy-five percent (75%) of the amount described in subsection (a).
Cite this article: FindLaw.com - Indiana Code Title 36. Local Government § 36-7-13-2.6 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-36-local-government/in-code-sect-36-7-13-2-6/
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