173.35 BASIS FOR TAXATION CREDIT.

   Every individual taxpayer who resides or is domiciled in the City of Bedford Heights but receives net profits, salaries, qualifying wages, commissions, other personal service compensation, or a distributive share of net profits from a resident or nonresident unincorporated business entity of which he is a partner or owner (or an S Corporation of which he is a shareholder for tax years through 2004), for work done or services performed or rendered outside the City, it being made to appear that he or such business entity has paid a municipal income tax on or with respect to the same income taxable under this chapter to another municipality, he shall be allowed a credit against the tax imposed by this chapter in the amount so paid him, in his behalf or by such business entity (or S Corporation for tax years through 2004) to such other municipality. In no event, however, shall any such municipal income tax to the extent paid to another municipality and allowed as a credit hereunder be deductible in computing the net profits of such taxpayer or such business entity. In addition, such credit shall not exceed the tax assessed by this chapter on such income earned in such other municipality or municipalities where such tax is paid.

(Ord. 2004-218. Passed 12-21-04.)