Sec. 11. Before the first business day in November of each year, the department of state revenue shall determine the sum of the following amounts for the preceding calendar year for the district:

(1) The income tax incremental amount.

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Terms Used In Indiana Code 4-10-23-11

  • district: refers to a motorsports investment district established under Indiana Code 4-10-23-4
  • gross retail incremental amount: means the remainder of:

    Indiana Code 4-10-23-6

  • income tax incremental amount: means the remainder of:

    Indiana Code 4-10-23-8

  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(2) The gross retail incremental amount.

(3) The amount of admissions fees deposited in the state general fund under IC 6-8-14.

As added by P.L.233-2013, SEC.4. Amended by P.L.190-2014, SEC.6.