Section 36-7-13-2.4 - "Gross retail base period amount"Except as provided in section 10.7(c) of this chapter, as used in this chapter, "gross retail base period amount" means:
(1) the aggregate amount of state gross retail and use taxes remitted under IC 6-2.5 by the businesses operating in the territory comprising a district during the full state fiscal year that precedes the date on which:(A) an advisory commission on industrial development adopted a resolution designating the district, in the case of a district that is not described in section 12(c) of this chapter; or(B) the legislative body of a county or municipality adopts an ordinance designating a district under section 10.5 of this chapter;(2) an amount equal to: (A) the aggregate amount of state gross retail and use taxes remitted:(i) under IC 6-2.5 by the businesses operating in the territory comprising a district; and(ii) during the month in which an advisory commission on industrial development adopted a resolution designating the district; multiplied by(B) twelve (12); in the case of a district that is described in section 12(c) of this chapter; or
(3) an amount equal to the amount determined under subdivision (1) or (2); plus:(A) the aggregate amount of state gross retail and use taxes remitted: (i) under IC 6-2.5 by the businesses operating in the territory added to the district; and(ii) during the month in which a petition to modify the district's boundaries is approved by the budget agency under section 12.5 of this chapter; multiplied by(B) twelve (12); in the case of a district modified under section 12.5 of this chapter.
As added by P.L. 125-1998, SEC.5. Amended by P.L. 138-1999, SEC.1; P.L. 174-2001, SEC.2; P.L. 178-2002, SEC.116; P.L. 81-2004, SEC.31 and P.L. 90-2004, SEC.4.