(a) Where a resident of the Village is subject to and pays a municipal income tax in another municipality, joint economic development zone or district, he shall be entitled to a tax credit equal to:
(1) Either the amount actually paid on the income taxed by the other municipality, JEDZ or JEDD, or
(2) The maximum of one percent (1.0%) of the total amount paid on the income taxed by the other municipality, JEDZ or JEDD; whichever is less.
(b) Except as provided in subsection (d) hereof, if tax or withholding is paid to a municipal corporation on income or wages, and if a second municipal corporation imposes a tax on that income or wages after the time period allowed for a refund of the tax or withholding paid to the first municipal corporation, the second municipal corporation shall allow a nonrefundable credit against the tax or withholding the second municipality claims is due with respect to such income or wages, equal to the tax or withholding paid to the first municipal corporation with respect to such income or wages.
(c) If the tax rate in the second municipal corporation is less than the tax rate in the first municipal corporation, then the credit described in subsection (a) hereof shall be calculated using the tax rate in effect in the second municipal corporation.
(d) Notwithstanding the provisions contained in Section 171.11 or any other provisions consistent herewith, a claim for refund or credit under this section shall be made in such manner as the Tax Commissioner may by regulation provide.
(1) No such claim for refund or credit shall be allowed unless made on or before the date of filing the taxpayer's final return unless such taxpayer's employer files with the Tax Commissioner a list showing the tax withheld from such taxpayer's qualifying wages including sick and vacation pay, bonuses, commissions, incentive payments, settlements, stock options, grievance pay, severance pay, any pay as part of an employee buyout or wage continuation plan or other compensation for other municipalities.
(2) A refund must be claimed by the taxpayer or his employer within three (3) years of the due date of filing the final return for the year for which such refund is claimed. The Tax Commissioner shall prescribe rules for verification.
(e) A statement satisfactory to the Tax Commissioner from the taxing authority of the taxing municipality to which the taxes are paid that a Village resident or his employer is paying the tax shall be considered as fulfilling the requirement of this section.
(Ord. 2015-21. Passed 11-30-15.)