§ 35.059 CREDITS.
   (A)    A credit, granted by resolution or ordinance of the city pursuant to §§ 35.023 or 35.024 of the city code, shall be available to a taxpayer that has made the election allowed under § 35.044 of the city code, against the city’s tax on income. The city shall submit the following information to the Tax Administrator on or before the later of January 31, 2018, or January 31 of the first year in which the taxpayer is eligible to receive the credit:
      (1)   A copy of the agreement entered into by the city and taxpayer under §§ 35.023 or 35.024 of the city code; and
      (2)   A copy of the municipal ordinance or resolution authorizing the agreement entered into between the city and the taxpayer.
   (B)   (1)   Each taxpayer that claims a credit shall submit, with the taxpayer’s tax return, documentation issued by the city granting the credit that confirms the eligibility of the taxpayer for the credit, the amount of the credit for which the taxpayer is eligible, and the tax year to which the credit is to be applied.
      (2)   Such documentation shall be provided in the form prescribed by the Tax Administrator.
      (3)   Nothing in this section shall be construed to authorize the Tax Administrator to enter into an agreement with a taxpayer to grant a credit, to determine if a taxpayer meets the conditions of a tax credit agreement entered into by the city and taxpayer under §§ 35.023 or 35.024 of the city code, or to modify the terms or conditions of any such existing agreement.
(Ord. 2018-02, passed 2-12-2018; Ord. 2023-41, passed 11-16-2023)