(a) Except as provided in Division (b) hereof, where a resident of the Municipality is subject to a municipal income tax in another municipality, he shall not pay a total municipal income tax on the other income greater than the tax imposed at the higher rate.
(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 has paid a municipal income tax on the same income taxable under this Chapter to another municipality, shall be allowed a credit of one per cent (1%) of the amount so paid by him or on his 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.
(c) On and after January 1, 2003, the owner of a pass-through entity that are domiciled in the City shall be allowed a credit for taxes paid to another municipal corporation by a pass- through entity that does not conduct business in the City, with the amount of such credit being equal to the lesser of the following amounts:
(1) The amount, if any, of tax paid by the pass-through entity to another municipal corporation in this state, apportioned ratably according to the ownership interest of the taxpayer in proportion to the ownership interest of all owners of the entity; or
(2) The amount of tax that would be imposed on the pass-through entity by the City if the pass-through entity conducted business in the City, apportioned ratably according to the ownership interest of the taxpayer in proportion to the ownership of all owners of the entity.
(d) A claim for refund or credit under this Section shall be made in such manner as the Treasurer may by regulation provide.
(Ord. 2003-103. Passed 11-25-03.)