(a) When the taxable income of a resident of the City of Kent is subject to a municipal income tax in another municipality on the same income taxable under this chapter, said resident shall be allowed a credit of the amount of income tax paid on such taxable income to such other municipality, equal to one hundred percent (100%) of the amount obtained by multiplying the lower of the tax rate of such other municipality or of the City of Kent by the taxable income earned or attributable to the municipality of employment or business activity, but, in any event, such credit shall not be applied to a rate in excess of two and one quarter percent (2.25%) of the taxable income earned in or attributable to the municipality of employment or business activity. For the purpose of this section, taxable income shall include the distributive share of net profits of a resident partner or owner of an unincorporated business entity.
(b) A claim for refund or credit under this section shall be made in such manner as the Commissioner may, by regulation, provide.
(Ord. 2013-115. Passed 11-20-13.)