Indiana Code 36-7-32-6.5. “Gross retail incremental amount”
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Sec. 6.5. As used in this chapter, “gross retail incremental amount” means the remainder of:
(2) the gross retail base period amount;
(1) the aggregate amount of state gross retail and use taxes that are remitted under IC 6-2.5 by businesses operating in the territory comprising a certified technology park during a state fiscal year; minus
Terms Used In Indiana Code 36-7-32-6.5
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- gross retail base period amount: means the aggregate amount of state gross retail and use taxes remitted under Indiana Code 36-7-32-6
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
as determined by the department of state revenue.
As added by P.L.199-2005, SEC.38.