(A) When the taxable income of a resident of the city is subject to a municipal income tax in another municipality on the same income taxable under this chapter, such resident shall be allowed a credit of the amount of income tax paid on such taxable income to the other municipality equal to 50% of the amount obtained by multiplying the lower of the tax rate of such other municipality, or of this municipality, by the taxable income earned in or attributable to the municipality of employment or business activity.
(B) A claim for refund or credit under this section shall be made in such manner as the Commissioner may by regulation provide.
(C) No credit shall be given for any school district income tax.
(1980 Code, § 95.14) (Ord. 3218, passed 12-16-1974; Am. Ord. 4963, passed 12-19-1988; Am. Ord. 7192, passed 12-15-2003)