"Net increment" defined

Ind. Code § 36-7-26-12, under Economic Development Project Districts.

Ind. Code § 36-7-26-12

Sec. 12. As used in this chapter, "net increment" means, for a particular state fiscal year, the product of: (1) the gross increment for the state fiscal year ending in the year of the determination; multiplied by (2) the adjustment factor. As added by P.L.35-1990, SEC.63.