As used in this chapter, "income tax base period amount" means the aggregate amount of state adjusted gross income taxes paid:

1. (1) by employees employed in the territory comprising the stadium development district with respect to wages and salary earned for work in the stadium development district; and

2. (2) by individuals who are not employees with respect to income received for services performed in the territory comprising the stadium development district;

   for the state fiscal year that precedes the date on which the stadium development district is designated under section 14 of this chapter.

As added by P.L.44-2026, SEC.27.