Sec. 5. As used in this chapter, “income tax base period amount” means the total amount of local income tax (IC 6-3.6) paid by employees employed in the territory comprising a global commerce center with respect to wages and salary earned for work in the global commerce center for the state fiscal year that precedes the date on which the global commerce center was designated under section 12 of this chapter.
As added by P.L.203-2005, SEC.2. Amended by P.L.197-2016, SEC.5.