(A) Every individual taxpayer residing in this Municipality who receives net profits, qualifying wages, commissions, or other taxable income for work done or services performed or rendered in other municipal corporations, and who is liable and has paid tax on such income to another municipal corporation, shall be allowed a credit against the tax imposed by this Ordinance on the same income to the extent such income is taxed under this Ordinance, in an amount equal to the amount of income tax paid to such other municipal corporation, provided the credit shall not exceed the amount of tax imposed by this Ordinance.
(B) Every individual taxpayer residing in this Municipality, who receives net profits, qualifying wages, commissions, or other taxable income for work done or services performed or rendered in the state of Indiana, and who is liable and has paid tax on such income to a county in Indiana, shall be allowed a credit against the tax imposed by this Ordinance on the same income to the extent such income is taxed under this Ordinance, in an amount equal to the amount of income tax paid to such Indiana county provided that the credit shall not exceed the amount of tax imposed by this Ordinance.
(C) Every individual taxpayer residing in this Municipality who owns, either directly or indirectly, a pass-through entity that is liable and has paid an income tax to the Municipality, other municipal corporations, or counties in Indiana, shall be allowed a credit against the tax imposed by this Ordinance on the taxpayer's distributive share of the income of the pass-through entity in an amount equal to the amount of income tax paid by the pass-through entity to the Municipality, other municipal corporations and counties in Indiana, provided that the credit shall not exceed the amount of tax imposed by this Ordinance. .
(D) To receive a credit under divisions (A)-(C) of this section 182.081, a taxpayer must provide to the Tax Administrator documentation substantiating such credit. The Tax Administrator may disallow any credit that cannot be substantiated.
(E) In no event shall a taxpayer receive a refund or credit for an amount more than the amount received by the Municipality from the taxpayer.
(F) A claim for refund or credit under this section shall be made in such manner as described in section 182.096.
(Ord. 0-18-04. Passed 8-23-18.)