(a) Credits. Every individual taxpayer who resides in the City but who received net profits, salaries, wages, commissions or other compensation for work done or services performed or rendered outside of the City, if it be made to appear that he has paid a municipal income tax or excise tax based on income, on such net profits, salaries, wages, commissions or compensation in another municipality, shall be allowed a credit for the amount so paid by him or in his behalf in such other municipality, this credit to be applied only to the extent of the tax assessed by this chapter by reason of such net profits, salaries, wages, commissions or compensation earned in such other municipality where such tax is paid.
(b) Exemptions.
(1) The provisions of this chapter shall not be construed to tax the military pay or allowances of members of the armed forces of the United States, or the income of religious, fraternal, charitable, scientific, literary or educational institutions to the extent that such income is derived from tax exempt real estate, tax exempt tangible or intangible property or tax exempt activities.
(2) The tax provided for herein shall not be levied on the personal earnings of any natural person under eighteen years of age.
(c) Contract Provisions.
(1) No contract on behalf of the City for works or improvements of the City shall be binding or valid unless such contract contains the following provisions:
"Said hereby further agrees to with hold all City income taxes due or payable under the provisions of the City Income Tax Ordinance for wages, salaries and commissions paid to its employees and further agrees that any of its subcontractors shall be required to agree to withhold any such City income taxes due under such ordinance for services performed under this contract".
(Ord. 2-73. Passed 3-26-73.)