(a) When a resident of the City is subject to a municipal income tax in another municipality, he shall not pay a total municipal income tax on the same income greater than the tax imposed at the highest rate to which he is subject.
(b) Any individual taxpayer who resides in the City, who received net profits, salaries, wages, commissions, other compensation, or other taxable income for work done or services performed or rendered outside the City, and who paid a municipal income tax on the income taxable under this Chapter to another municipality shall be allowed a credit against the tax imposed by this Chapter as determined by the wages tax was withheld on at another municipality’s taxable rate, not to exceed Lima’s tax rate of 1.5%.