(a) It is the intent of this section that a resident who pays tax to another municipality shall not pay tax to the City of Amherst on the same income in excess of one-half of one percent (1/2%). When a resident is subject to, and has paid or acknowledged tax liability for, a municipal income tax in another municipality on the same income taxable under this chapter, such resident may claim a credit of the amount of such tax paid to such other municipality, but not in excess of fifty percent (50%) of the tax assessed by this chapter; provided, that if the rate of tax assessed by this chapter is increased, the credit allowed by this section shall be increased by a like amount.
(b) If the taxpayers' taxable income, as reported on their W-2 Statements as paid or reportable to the City of Amherst includes income subject to the taxing power of another municipality's jurisdiction and the tax was in fact paid to the other municipality, then a credit shall be given pursuant to subsection (a) hereof. Necessary rules and regulations regarding this procedure shall be as promulgated by the Tax Administrator.
(Ord. 24-09. Passed 2-26-24.)