Indiana Code 12-16.5-1-3. “Current year inflation adjustment factor”
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Terms Used In Indiana Code 12-16.5-1-3
- 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.
- United States: includes the District of Columbia and the commonwealths, possessions, states in free association with the United States, and the territories. See Indiana Code 1-1-4-5
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
Sec. 3. As used in this article, “current year inflation adjustment factor” means the total gross domestic product deflator, as determined by the United States Department of Commerce’s Bureau of Economic Analysis, in the current year divided by the total gross domestic product deflator in federal fiscal year 2010.
As added by P.L.150-2012, SEC.1.