(a) Every individual taxpayer who resides in the City but receives net profits, salaries, qualifying wages, commissions or other personal service compensation for work done, or services performed or rendered outside of the City, if it is made to appear that he has paid a municipal income tax on the same income taxable under this ordinance chapter to another municipality, shall be allowed a credit of fifty percent (50%) of that part of the tax paid. The tax paid, against which the above credit shall be allowed, shall not exceed a maximum of 1.0% of the taxpayer's taxable income in such other municipality. The rate of credit shall be applied to taxable income earned and/or received between January 1, 2005 and December 31, 2006. For taxable year 2007 and subsequent years, the rate of credit shall be sixty percent (60%).
(b) Notwithstanding the provisions contained in Section 191.11 hereof, or any other provisions inconsistent herewith, a claim for refund or credit under this section shall be made in such manner as Council may by regulation provide.
(c) No credit shall be allowed for payment of school district income taxes.
(Ord. 09-10. Passed 4-6-09.)