Note: This version of section effective until 1-1-2028. See also following version of this section, effective 1-1-2028.

Sec. 2. "Adjusted gross income" has the meaning set forth in IC 6-3-1-3.5 . However:

1. (1) except as provided in subdivision (3), in the case of a local taxpayer who is not treated as a resident local taxpayer of a county, the term includes only adjusted gross income derived from the taxpayer's principal place of business or employment;
2. (2) in the case of a resident local taxpayer of Perry County, the term does not include adjusted gross income described in IC 6-3.6-8-7 ; and

3. (3) in the case of a local taxpayer described in section 13(3) of this chapter, the term includes only that part of the individual's total income that:

   1. (A) is apportioned to Indiana under IC 6-3-2-2.7 or IC 6-3-2-3.2 ; and
   2. (B) is paid to the individual as compensation for services rendered in the county as a team member or race team member.

As added by P.L.243-2015, SEC.10. Amended by P.L.239-2017, SEC.14.