(A) Every individual taxpayer who resides in the City of Bucyrus but who receives net profits, salaries, wages, commissions, or other personal service compensation for work done, or services performed or rendered outside of said City, it be made to appear that he has paid a municipal income tax on sufficient profits, salaries, wages, commissions, or other compensation to another municipality, shall be allowed a credit against the tax imposed by this Ordinance of the amount so paid by him or on his behalf to such other municipality as follows in the order listed below starting in tax year 2014:
(1) The taxpayer shall receive a credit of one hundred percent (100%) toward the uniform rate of one percent (1%) as provided by Chapter 718 of the Revised Code.
(2) The taxpayer shall receive a credit of eighty percent (80%) of any collections at a rate in excess of one percent (1%) approved by a majority of the electors of the City,
(3) Income tax collected as a result of the reduced credit rate listed hereinbefore in subsection (A)(2) shall be allocated to the Safety Forces Levy Revenue Fund 202-0010-40114.
(4) The credit rates hereinbefore listed shall commence on July 1, 2023.
(B) The credit shall not exceed the tax assessed by this Ordinance on such net profits, salaries, wages, commissions, or other compensation earned in such other municipality or municipalities where such tax is paid. No credit shall be given for taxes paid in error to another municipality. If a taxpayer receives a refund from another municipality for income taxes paid in error to the municipality, the amount of tax due the City of Bucyrus must be paid to the City Income Tax Administrator within thirty (30) days if receiving said refund.
(Ord. 25-2023. Passed 6-6-23.)