(a) When the taxable income of a resident of the City is subject to a municipal income tax in another municipality on the same income taxable under this chapter, such resident shall be allowed a credit of the amount of income tax paid on such taxable income to such other municipality equal to fifty percent of the amount obtained by multiplying the lower of the tax rate of such other municipality or of the City by the taxable income earned in or attributable to the municipality of employment or business activity. For the purposes of this section, taxable income shall include the distributive share of net profits of a resident partner or owner of an unincorporated business entity. The fifty percent credit heretofore discontinued March 1, 1984 (Ordinance 84-13) is hereby reinstated for the period beginning on and after July 1, 1986.
(Ord. 86-40. Passed 6-2-86.)
(b) A claim for credit or refund under this section shall be made in such manner as the Administrator may by regulation provide. If a resident fails, neglects or refuses to file a return or declaration on the form prescribed by the Administrator, such resident shall not be entitled to such credit or refund and shall be considered in violation of this chapter for failure to file a return and payment of taxes due hereunder.
(c) In the event a City resident is entitled to a reciprocity credit under the ordinance of another municipality, or is entitled to credit for taxes paid another municipality, such City resident is required to file a return or form in such manner as the Administrator designated by the City may prescribe.
(d) Assignment of any claim for refund to which a City resident may be entitled from another municipality shall be tentatively accepted as payment of that portion of City income tax represented by such assignment, provided, however, that if satisfactory evidence is offered that the taxpayer is entitled to the claim covered by the assignment, such taxpayer shall not be deprived of credit therefor because of fault or neglect on the part of either municipality.
(Ord. 84-43. Passed 6-18-84.)