Indiana § 36-7-32-21 - Annual computation; income tax incremental amount; gross retail incremental amount; district business information
Full text of Indiana Indiana Code § 36-7-32-21 — Annual computation; income tax incremental amount; gross retail incremental amount; district business information, with citation guidance and answers to common questions.
§ 36-7-32-21. Annual computation; income tax incremental amount; gross retail incremental amount; district business information
Sec. 21. (a) Before the first business day in October of each year, the department of state revenue shall calculate the income tax incremental amount and the gross retail incremental amount for the preceding state fiscal year for each certified technology park designated under this chapter.
(b) Taxpayers operating in the certified technology park shall report annually to the department of state revenue and to the office, in the manner and in the form prescribed by the department, information that the department determines necessary to calculate the net increment.
(c) A taxpayer operating in the certified technology park that files a consolidated tax return with the department also shall file annually:
(1) an informational return with the department for each business location of the taxpayer within the certified technology park; and
(2) a copy of the informational return required under subdivision (1) with the office.
(d) If a taxpayer fails to report the information required by this section or file an informational return required by this section, the department shall use the best information available in calculating the income tax incremental amount and the gross retail incremental amount.
As added by P.L.192-2002(ss), SEC.187. Amended by P.L.261-2013, SEC.47; P.L.145-2025, SEC.17.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 36-7-32-21
What does Indiana Code § 36-7-32-21 cover?
Section 36-7-32-21 ("Annual computation; income tax incremental amount; gross retail incremental amount; district business information") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 36-7-32-21?
A common citation format is "Indiana Code § 36-7-32-21" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 36-7-32-21 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.