(1) "Baseline jobs" means the number of full-time employee positions that existed within a business entity in the state before the date on which a project related to the business entity is approved by the office or by the board.

(2) "Baseline state revenue" means the amount of state tax revenue collected from a business entity or the employees of a business entity during the year before the date on which a project related to the business entity is approved by the office or by the board.

(3) "Board" means the Board of Business and Economic Development created in Section 63N-1-401.

(4) "Council" means the Governor's Economic Development Coordinating Council created in Section 63N-1-501.

(5) "Executive director" means the executive director of the office.

(6) "Full-time employee" means an employment position that is filled by an employee who works at least 30 hours per week and: (a) may include an employment position filled by more than one employee, if each employee who works less than 30 hours per week is provided benefits comparable to a full-time employee; and (b) may not include an employment position that is shifted from one jurisdiction in the state to another jurisdiction in the state.

(a) may include an employment position filled by more than one employee, if each employee who works less than 30 hours per week is provided benefits comparable to a full-time employee; and

(b) may not include an employment position that is shifted from one jurisdiction in the state to another jurisdiction in the state.

(7) "High paying job" means a newly created full-time employee position where the aggregate average annual gross wage of the employment position, not including health care or other paid or unpaid benefits, is at least 110% of the average wage of the county in which the employment position exists.

(8) "Incremental job" means a full-time employment position in the state that: (a) did not exist within a business entity in the state before the beginning of a project related to the business entity; and (b) is created in addition to the number of baseline jobs that existed within a business entity.

(a) did not exist within a business entity in the state before the beginning of a project related to the business entity; and

(b) is created in addition to the number of baseline jobs that existed within a business entity.

(9) "New state revenue" means the state revenue collected from a business entity or a business entity's employees during a calendar year minus the baseline state revenue calculation.

(10) "Office" or "GOED" means the Governor's Office of Economic Development.

(11) "State revenue" means state tax liability paid by a business entity or a business entity's employees under any combination of the following provisions: (a)Title 59, Chapter 7, Corporate Franchise and Income Taxes; (b)Title 59, Chapter 10, Part 1, Determination and Reporting of Tax Liability and Information; (c)Title 59, Chapter 10, Part 2, Trusts and Estates; (d)Title 59, Chapter 10, Part 4, Withholding of Tax; and (e)Title 59, Chapter 12, Sales and Use Tax Act.

(a)Title 59, Chapter 7, Corporate Franchise and Income Taxes;

(b)Title 59, Chapter 10, Part 1, Determination and Reporting of Tax Liability and Information;

(c)Title 59, Chapter 10, Part 2, Trusts and Estates;

(d)Title 59, Chapter 10, Part 4, Withholding of Tax; and

(e)Title 59, Chapter 12, Sales and Use Tax Act.