(a) When a resident of Ada is subject to a municipal income tax in another municipality on the same income taxable under this chapter, a credit shall be allowed against the Ada Income Tax but such credit shall not exceed one hundred percent (100%) of the tax under this chapter. For the purpose of this section, taxable income shall include the distributive share of net profits of a resident partner or owner of an unincorporated business entity.
(b) In the event such Ada resident fails, neglects or refuses to file such return or form as is prescribed by the Administrator, he shall not be entitled to such credit and shall be considered in violation of this chapter for failure to file a return and make payment of taxes due hereunder.
(Ord. 2015-14. Passed 11-17-15.)