A. If a resident of the Municipality is subject to a municipal income tax in another municipality as well as in this Municipality, he shall not pay a total municipal income tax (on the same income) greater than the tax imposed at the highest rate to which he is subject.
B. Every individual who resides in the Municipality who receives net profits, qualifying wages, commissions or other taxable income for work done or services performed or rendered outside the Municipality, and who is liable and has paid to another municipality an income tax on the same income taxable and taxed under this chapter, shall be allowed a credit against the tax imposed by this chapter (on the same income to the extent such income is taxed under this chapter) of the amount so paid by him or on his behalf to such other municipality. The credit shall not exceed the Barnesville tax imposed on the income earned in the other municipality (ies) where such tax is paid.
The amount of net profit income earned in and taxed by a given municipality (as a percentage of total net profit income attributable to taxing and non-taxing jurisdictions) shall be used to determine each municipality's contributions to net Barnesville taxable income, prior to calculation of the resident Barnesville credit for taxes paid to other cities on net profit income. The rate to be used for calculation of this credit shall be the lesser of the resident Barnesville tax rate or the appropriate rate at which such income was taxed by such other municipality. The resident Barnesville credit (s) for taxes paid to another municipality (ies) on business activity net profits shall be calculated as follows:
Barnesville net profits taxable income ($) X municipality contribution (%) X tax rate (%) = allowable credit.
C. A claim for refund or credit under this section may be made in such manner as the Tax Administrator may by regulation provide.
(Ord. 3709. Passed 12-14-15.)