"Income tax incremental amount"

Sec. 6. As used in this chapter, "income tax incremental amount" means the remainder of: (1) the total amount of local income tax (IC 6-3.6) paid by employees employed in the territory comprising the global commerce center with respect to wages and salary earned for work in the territory comprising the global commerce center for a particular state fiscal year; minus (2) the income tax base period amount; as determined by the department of state revenue. As added by P.L.203-2005, SEC.2. Amended by P.L.197-2016, SEC.6.