Terms Used In Indiana Code > Title 20 > Article 24.2 - Performance Qualified School Districts

• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• district: refers to a motorsports investment district established under Indiana Code 4-10-23-4
• Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
• gross retail incremental amount: means the remainder of:

  Indiana Code 4-10-23-6

• income tax base period amount: means the aggregate amount of state adjusted gross income taxes paid or remitted by or on behalf of a taxpayer during the calendar year of 2012 with respect to income earned or attributable to the taxpayer's activities in the district. See Indiana Code 4-10-23-7
• income tax incremental amount: means the remainder of:

  Indiana Code 4-10-23-8

• Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
• 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.
• Statute: A law passed by a legislature.
• Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5