(a) Where a resident of the Municipality is subject to a Municipal income tax in another municipality, he or she shall not pay a total Municipal income tax on the same income greater than the tax imposed at the highest rate to which he or she is subject.
(b) Every individual taxpayer who resides in the Municipality, who receives net profits, salaries, wages, commissions or other personal service compensation for work done or services performed or rendered outside of the Municipality, if it appears that he or she has paid a municipal income tax on the same income taxable under this chapter by another municipality, shall be allowed a credit against the tax imposed by this chapter of the amount so paid by him or her or in his or her behalf to such other municipality. The credit shall not exceed the tax assessed by this chapter on such income earned in such other municipality or municipalities where such tax is paid. The amount of income reported on Federal schedule C, E and F, earned in and taxed by a given municipality shall be used to determine each municipality's contribution to net Municipality taxable income, prior to calculation of the resident city credit for taxes paid to other cities on net profit income. The rate to be used for calculation of this credit shall be the lesser of the resident city tax rate or the appropriate rate at which such income was taxed by such other municipality.
(Ord. 15-17. Passed 11-10-15.)