Persons and income subject to tax; administration
Authority: IC 6-8.1-3-3
Affected: IC 6-3-1-3.5 ; IC 6-3.6
Sec. 1. (a) The local income tax (LIT) is imposed on individuals who are residents of adopting counties and on individuals who are residents of nonadopting counties but who have their principal place of business or employment in an adopting county.
(b)For residents of adopting counties, the tax is imposed…#
(b) For residents of adopting counties, the tax is imposed on adjusted gross income as defined in IC 6-3-1-3.5 (a).
(c)For residents of nonadopting counties and nonresidents…#
(c) For residents of nonadopting counties and nonresidents of the state with a principal place of business or employment in an adopting county, the tax is imposed only on the adjusted gross income derived from the principal place of business or employment.
(d)For purposes of determining the adjusted gross income,…#
(d) For purposes of determining the adjusted gross income, the adjusted gross income shall be the amount as defined under IC 6-3-1-3.5 (a) and shall include all deductions from adjusted gross income permitted under IC 6-3 .