Sec. 2.4. Except as provided in section 10.7(c) of this chapter, as used in this chapter, "gross retail base period amount" means: (1) the aggregate amount of state gross retail and use taxes remitted under IC 6-2.5 by the businesses operating in the territory comprising a district during the full state fiscal year that precedes the date on which: (A) an advisory commission on industrial development adopted a resolution designating the district, in the case of a district that is not described in section 12(c) of this chapter; or (B) the legislative body of a county or municipality adopts an ordinance designating a district under section 10.5 of this chapter; (2) an amount equal to: (A) the aggregate amount of state gross retail and use taxes remitted: (i) under IC 6-2.5 by the businesses operating in the territory comprising a district; and (ii) during the month in which an advisory commission on industrial development adopted a resolution designating the district; multiplied by (B) twelve (12); in the case of a district that is described in section 12(c) of this chapter; or (3) an amount equal to the amount determined under subdivision (1) or (2); plus: (A) the aggregate amount of state gross retail and use taxes remitted: (i) under IC 6-2.5 by the businesses operating in the territory added to the district; and (ii) during the month in which a petition to modify the district's boundaries is approved by the budget agency under section 12.5 of this chapter; multiplied by (B) twelve (12); in the case of a district modified under section 12.5 of this chapter.
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