(A) Every individual taxpayer who resides in Germantown who receives net profits, income, salaries, wages, commissions or other personal service compensation for work done or services performed or rendered outside Germantown, it if be made to appear that he has paid a Municipal income tax on the same income taxable under this chapter to another municipality, shall be allowed a credit against the tax imposed by this chapter. Such credit shall be equal to sixty percent (60%) of the amount obtained by multiplying the lower of the tax rate of such other municipality or of the Municipality of Germantown by the income of the individual which is taxable by 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.
(Ord. 18-47. Passed 12-17-18.)
(B) A claim for refund or credit under this section shall be made in such manner as the Tax Administrator may by regulation provide.
(Ord. 15-71. Passed 11-30-15.)