Current through P.L. 171-2024
Section 36-7-27-8 - "Incremental income tax"As used in this chapter, "incremental income tax" means the remainder of:
(1) the aggregate amount of covered local income taxes paid by employees employed in a tax area with respect to wages earned for work in the tax area for a particular state fiscal year; minus(2) the base period amount.As added by P.L. 27-1992, SEC.28.