Sec. 10. (a) 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: (A) 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; and (B) residents living within the district; minus (2) the local income tax base period amount; as determined by the department. (b) If an individual is a resident of one (1) district and is employed within another district during a calendar year, the local income tax for the individual shall be attributed to the district in which the individual resides.
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