(a) Every individual taxpayer who resides within the City, but who receives net
profits, salaries, wages, commissions or other form of compensation for work done or services performed outside of the City, shall be allowed a credit against the income tax imposed by this chapter of an amount not to exceed one percent against the tax rate set in Section 881.012(b), only when:
(1) The taxpayer has paid a Municipal income tax to a municipality other than the City and;
(2) Said Municipal income tax paid to the municipality other than the City was paid on the same taxable income sought to be taxed under this chapter; and
(3) The taxpayer provides sufficient documentation to show that the income tax paid to a municipality other than the City.
(b) Any credit to be received under this section shall be equal to the percentage of income tax paid to the municipality other than the City, but in no case shall the credit exceed one percent as described in division (a) of this section.
(c) A claim for a refund or credit under this section shall be made in such manner as the Administrator may by regulation provide.
(Ord. 2726. Passed 8-20-01; Ord. 3174. Passed 11-23-15.)