(A) For the purpose of this section, the following definitions shall apply unless the context clearly indicates or requires a different meaning.
(1) FULL TIME ENROLLMENT. That period established by the qualifying post secondary institution as full time status for students or trainees in attendance.
(2) QUALIFYING POST SECONDARY INSTITUTION. A college, university, technical school, vocational school or training program whose students or trainees are eligible to receive grants and loans through programs established by the United States Department of Education.
(B) There is hereby created a tax credit not to exceed $75 per year for taxpayers who are in full time enrollment for at least five calendar months of the year in which the credit is requested at a qualifying post secondary institution. Taxpayers applying for the tax credit shall be required to complete and sign a disclosure and authorization form which may be obtained from the Clerk-Treasurer.
(C) The tax credit created hereunder shall become effective for calendar year 1993 and each year thereafter.
(Ord. 2018-6, passed 1-17-18)