(A) Except as otherwise provided in division (B) of this section, when taxable income of a resident of the Municipality 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 twenty-five percent (25%) of the Municipal income tax in excess of one half of one percent (0.50%).
(B) When the taxable income of a resident of the Municipality is subject to a municipal income tax in the Medina Montville Joint Economic Development District on the same income taxable under this Chapter, such resident shall be allowed a credit of the full amount of income tax paid on such taxable income to the Medina Montville Joint Economic Development District. In no event shall the credit exceed the tax due the Municipality under this Chapter on such taxable income. (Ord. 203-23. Passed 12-11-23.)