(a) Limitation on amount paid. Every individual taxpayer who resides in the municipality and who receives income, qualifying wages, commissions or other compensation or net profits from sales made, work done, or services performed or rendered outside of the municipality, if it be made to appear that he or she has paid a municipal income tax on income, taxable under this chapter, to another municipality, shall be allowed a credit for the tax paid to the other municipality, against the tax imposed by this chapter in an amount not to exceed the following:
(1) Fifty percent of the income and/or earnings taxes paid and owed to another municipality for tax year 2006 and prior;
(2) Sixty-five percent of the income and/or earnings taxes paid and owed to another municipality for tax year 2007;
(3) Eighty percent of the income and/or earnings taxes paid and owed to another municipality for tax year 2008;
(4) Ninety percent of the income and/or earnings taxes paid and owed to another municipality for tax year 2009; and
(5) One hundred percent of the income and/or earnings taxes paid and owed to another municipality for tax year 2010 and later.
(Ord. 31-1984, passed 4-9-1984; Ord. 2007-117, passed 8-13-2007; Ord. 2007-174, passed 11-26- 2007)
(b) Resident homeowners. Residents who own or have an equity interest into the real estate that the resident is domiciled and pay real estate taxes shall be allowed an exemption to be given as credit equal to 0.12% per annum. The resident's dependent shall also receive the credit equal to 0.12% per annum.
(c) Credits and limitations thereof. Notwithstanding the provisions contained in § 181.11 hereof, or any other provisions inconsistent herewith, a claim for refund or credit under this section shall be made in a manner as the Tax Commissioner may by regulation provide.
(Ord. 50-1970, passed 9-28-1970; Ord. 2012-81, passed 11-26-2012)