(a) Where a resident of the City of Brookville is subject to a municipal income tax in another municipality, as well as in the City of Brookville, he or she shall receive a credit for municipal income tax paid to the other municipality. The credit shall not exceed one (1%) of the income subject to taxation as herein provided.
(b) Every individual who resides in the City of Brookville who received net profits, salaries, wages, commissions or other personal service compensation for work done or services performed or rendered outside the City of Brookville, 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 one percent (1%) of the income subject to taxation as herein provided. No credit shall be given for county or school district taxes paid, but only for other municipal taxes paid.
(c) The amount of income reported on Federal Schedules C, E and F, earned in and taxed by a given municipality (as a percentage of total income reported on Federal Schedules C, E, and F, attributable to taxing and non-taxing jurisdictions) shall be used to determine each municipality’s contribution to Brookville net profits taxable income, prior to calculation of the resident City credit for taxes paid to other cities on net profit income. The credit shall not exceed one (1%) of the income subject to taxation as herein provided.
(d) If the total amount of credit granted under this Chapter exceeds the total amount of tax due to the City before application of all such credits, then no refund shall be due or payable to the taxpayer. (Ord. 2016-08. Passed 6-7-16.)
(EDITOR'S NOTE: Former Section 194.081 was repealed by an initiative ordinance approved by the voters of the City of Brookville in the election of May 2, 2017. The results of this election were certified on May 23, 2017. Effective May 23, 2017, Section 194.081, as set forth herein below, is in effect.)