Sec. 3. As used in this chapter, “adjustment factor” means the amount, stated as a percentage, that the board determines under section 22 of this chapter should be applied in determining the district’s net increment. However, the adjustment factor may not exceed eighty percent (80%). As added by P.L.35-1990, SEC.63.
Sec. 4. As used in this chapter, “base period amount” means the aggregate amount of state gross retail and use taxes remitted under IC 6-2.5 by the businesses operating in the district during the full state fiscal year that precedes the date on which the commission confirmed the resolution designating the district. As added by […]
Sec. 5. As used in this chapter, “board” refers to the state board of finance created in IC 4-9.1-1. As added by P.L.35-1990, SEC.63.
Sec. 6. As used in this chapter, “commission” refers to a redevelopment commission established under IC 36-7-14. As added by P.L.35-1990, SEC.63.
Sec. 7. As used in this chapter, “department” refers to the department of state revenue. As added by P.L.35-1990, SEC.63.
Sec. 8. As used in this chapter, “district” refers to an economic development project district established under this chapter. As added by P.L.35-1990, SEC.63.
Sec. 9. As used in this chapter, “fund” refers to the sales tax increment financing fund established in section 23 of this chapter. As added by P.L.35-1990, SEC.63.
