Sec. 14. (a) As used in this chapter, "state income tax increment revenue" means the remainder of: (1) the aggregate amount of state adjusted gross income taxes paid or remitted for a calendar year with respect to: (A) wages and salary earned for work in the territory comprising a district; and (B) income earned by residents living within the district; minus (2) the state income tax base period amount. (b) If an individual is a resident of one (1) district and is employed within another district during a calendar year, the state income tax for the individual shall be attributed to the district in which the individual resides.
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