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(A) Income tax that has been deposited with the village, but should have been deposited with another municipality, is allowable by the village as a refund but is subject to the three-year limitation on refunds.
(B) Income tax that was deposited with another municipality but should have been deposited with the village is subject to recovery by the village. If the village’s tax on that income is imposed after the time period allowed for a refund of the tax or withholding paid to the other municipality, the village shall allow a nonrefundable credit against the tax or withholding the village claims is due with respect to such income or wages, equal to the tax or withholding paid to the first municipality with respect to such income or wages.
(C) If the village’s tax rate is less than the tax rate in the other municipality, then the nonrefundable credit shall be calculated using the village’s tax rate. However, if the village’s tax rate is greater than the tax rate in the other municipality, the tax due in excess of the nonrefundable credit is to be paid to the village, along with any penalty and interest that accrued during the period of nonpayment.
(D) Nothing in this section permits any credit carryforward.
(Ord. 33-2015, passed 11-3-2015)