(a) Tax Credit. A resident of the City of Lorain, Ohio who is subject to the municipal income tax ordinances and regulations of the City of Lorain shall be allowed a full credit against any income tax liability owed to the City of Lorain equal to the total amount of income taxes paid to another municipality or political subdivision. This tax credit will not exceed the current tax rate of the City of Lorain.
(Ord. 178-10. Passed 12-20-10.)
(Ord. 178-10. Passed 12-20-10.)
(b) General.
(1) No credit will be given unless the taxpayer claims such credit on his return or other form prescribed by the Administrator and presents evidence of the payment of a similar tax to another Municipality as the Administrator may require.
(2) In the event a resident of this Municipality fails, neglects or refuses to file an annual return or declaration on a form prescribed by the Administrator, he shall not be entitled to such credit or refund and shall be considered in violation of this Chapter for failure to file a return.
(Ord. 152-94. Passed 12-19-94.)