(a) Except as provided in subsection (b), as used in this chapter, 'gross retail incremental amount' means the remainder of:(1) the aggregate amount of state gross retail and use taxes that are remitted under IC 6-2.5 by businesses operating in a district during a state fiscal year; minus(2) the gross retail base period amount;as determined by the department of state revenue under section 14 of this chapter.(b) For purposes of a district designated under section 12.1 of this chapter, 'gross retail incremental amount' means seventy-five percent (75%) of the amount described in subsection (a).As added by P.L.125-1998, SEC.6. Amended by P.L.224-2003, SEC.233.
Indiana Legal Code