(a) Any natural person, at least sixty-two years of age or more, who is a resident of the City, and is receiving Social Security benefits pursuant to 42 U.S.C. 401. et seq, may deduct from the amount of tax due pursuant to this chapter, if any an amount equal to the rate of taxation provided in Section 181.0501 hereof, times the amount of exempt earnings allowable under 42 U.S.C. 401. et seq..
(b) Any natural person, who is a resident of the City, and is receiving Social Security Disability benefits pursuant to 42 U.S.C. 401. et seq. may deduct from the amount of tax due pursuant to this chapter, if any an amount equal to the rate of taxation provided in Section 181.0501, times the amount of exempt earnings allowable under 42 U.S.C. 401. et seq.
(Ord. 12-1993. Passed 2-22-93.)
RETURNS