(A) (1) FOR TAX YEARS BEGINNING ON JANUARY 1, 2016 THROUGH DECEMBER 31, 2016. Every individual taxpayer domiciled in the City who is required to and does pay, or has acknowledged liability for, a municipal tax to another municipality on or measured by the same income, qualifying wages, commissions, net profits or other compensation taxable under this chapter, may claim a nonrefundable credit against the tax imposed by this chapter upon satisfactory evidence that tax has been paid to another municipality. Subject to division (C) of this section, the credit shall not exceed 100% of the amount obtained by multiplying the income, qualifying wages, commissions, net profits or other compensation subject to tax in the other municipality by the LOWER of the tax rate in such other municipality OR the rate of 2.25%. Effective for tax years beginning January 1, 2017, and subject to division (C) of this section, credit shall not exceed 100% of the amount obtained by multiplying the income, qualifying wages, commissions, net profits of other compensation subject to tax in the other municipality by the LOWER of the tax rate in such other municipality OR the tax rate in the City.
(2) FOR TAX YEARS BEGINNING ON JANUARY 1, 2017 AND AFTER. Every individual taxpayer domiciled in the City who is required to and does pay, or has acknowledged liability for, a municipal tax to another municipality on or measured by the same income, qualifying wages, commissions, net profits or other compensation taxable under this chapter, may claim a nonrefundable credit against the tax imposed by this chapter upon satisfactory evidence that tax has been paid to another municipality. Subject to division (C) of this section, the credit shall not exceed 100% of the amount obtained by multiplying the income, qualifying wages, commissions, net profits or other compensation subject to tax in the other municipality by the LOWER of the tax rate in such other municipality OR the rate of 2.5%.
(Ord. 2016-38. Passed 12-5-16.)
(B) The City shall grant a credit against its tax on income to a resident of the City who works in a joint economic development zone created under Section 715.691 or a joint economic development district created under ORC Section 715.70, 715.71, or 715.72, to the same extent that it grants a credit against its tax on income to its residents who are employed in another municipal corporation.
(C) If the amount of tax withheld or paid to the other municipality is less than the amount of tax required to be withheld or paid to the other municipality, then for purposes of division (A) of this section, "the income, qualifying wages, commissions, net profits or other compensation" subject to tax in the other municipality shall be limited to the amount computed by dividing the tax withheld or paid to the other municipality by the tax rate for that municipality.
(D) Intentionally left blank.
(Ord. 2018-06. Passed 2-20-18.)