(A) Where a resident of the City of Hubbard is subject to a municipal income tax in another municipality or Joint Economic Development District, he or she shall be entitled to a credit not greater than one percent (1%) on the same income subject to the municipal income tax paid in the other municipality or Joint Economic Development District.
(B) Every individual taxpayer who resides in the City but receives net profits, salaries, income, wages, commissions, other personal service compensation, or a distributive share of net profits from a resident or nonresident unincorporated business entity or association of which he is a partner or owner, for work done or services performed or rendered outside of the City, if it is made to appear that he or she or such business entity has paid a municipal income tax on or with respect to the same income taxable under this chapter to another, shall be allowed a credit not greater than one percent (1%) against the tax imposed by this chapter in the amount so paid by him or higher, in his or her behalf, or by such business entity, to the other municipality or Joint Economic Development District. In no event, however, shall any municipal income tax to the extent paid to another municipality or Joint Economic Development District and allowed as a credit hereunder be deductible in computing the net profit of such taxpayer or such business entity. In addition, the credit shall not exceed the tax assessed by this chapter on income earned in such other municipality or municipalities or Joint Economic Development Districts where the tax is paid.
(C) A claim for refund or credit under this section shall be made in such manner as the Tax Administrator may by regulation provide.
(D) No credit will be given unless the taxpayer claims such credit on his final tax return or other form prescribed by the Tax Administrator, and presents such evidence, i.e. W-2 form(s) of the payment of a similar tax to another municipality or Joint Economic Development District.
(E) If, after filing a City of Hubbard return and claiming the one percent (1%) credit on his return, a taxpayer receives a refund of all and/or a portion of the taxes paid to another municipality or Joint Economic Development District, the taxpayer is required to file an amended City of Hubbard Tax Return and pay the appropriate one percent (1%) tax due the City of Hubbard as reflected by the amended return.
(F) The Tax Administrator, or any duly authorized agent or employee, may exchange information with the Tax Administrator or his authorized agent, or employees or other taxing jurisdictions for the purpose of verifying any claim for credit by City of Hubbard residents, or for the purpose of verifying any claims for credit for taxes paid to the City of Hubbard by residents of such other taxing jurisdictions, and may enter into agreements for such purpose.
(Ord. 18-15. Passed 10-19-15.)