As used in this chapter, "income tax incremental amount" means the remainder of:

1. (1) the total amount of local income tax ( IC 6-3.6 ) paid by employees employed in the territory comprising the global commerce center with respect to wages and salary earned for work in the territory comprising the global commerce center for a particular state fiscal year; minus

2. (2) the income tax base period amount;

   as determined by the department of state revenue.

As added by P.L.203-2005, SEC.2. Amended by P.L.197-2016, SEC.6.