(a) When a resident of the Municipality is subject to a Municipal income tax in another municipality, such taxpayer 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 Municipality who received Municipal taxable income for work done or services performed or rendered outside the Municipality and who paid a Municipal income tax on the Municipal taxable income taxable under this chapter to another municipality shall be allowed a credit against the tax imposed by this chapter as determined under division (c) below.
(c) A resident taxpayer who receives Municipal taxable income for services performed in another municipality shall be required to determine the amount of credit allowed under this section by:
(1) Separating the total Municipal taxable income between the Municipal taxable income taxed by another municipality and all other Municipal taxable income.
(2) Determine the lesser of the amount of tax actually paid to the other municipality on the income determined under division (c)(1)A. of this section, versus the Municipality's income tax rate multiplied by the Municipal taxable income under division (c)(1)A. of this section.
(3) The taxpayer shall be allowed a credit equal to the lesser of the amount determined under division (c)(2) of this section.
(4) The taxpayer shall pay the full Municipal tax rate on the income determined under division (c)(1)B. of this section.
(Ord. 260-15. Passed 12-7-15.)