(a) As used in this chapter, 'state income tax increment revenue' means the remainder of:(1) the aggregate amount of state adjusted gross income taxes paid or remitted for a calendar year with respect to:(A) wages and salary earned for work in the territory comprising a district; and(B) income earned by residents living within the district; minus(2) the state income tax base period amount.(b) If an individual is a resident of one (1) district and is employed within another district during a calendar year, the state income tax for the individual shall be attributed to the district in which the individual resides.As added by P.L.248-2017, SEC.10. Amended by P.L.236-2023, SEC.193.
Indiana Legal Code