Sec. 10. As used in this chapter, “local income tax increment revenue” means the remainder of:
(1) the total amount of local income tax (IC 6-3.6) paid by employees employed in the district with respect to wages and salary earned for work in the territory comprising the district for a particular calendar year; minus
(2) the local income tax base period amount;
as determined by the department.
As added by P.L.248-2017, SEC.10.