(a) Whenever a City resident individual is subject to and has paid a tax on the same income taxable under this chapter to another municipality, such City resident shall be allowed a credit against the tax imposed by this chapter of the amount of tax paid to such other municipality on the same income, but such credit shall not exceed the tax imposed by this chapter on the same income. No credit shall be allowed for tax paid to a school district.
(b) City resident individuals entitled to such credit shall file a return indicating the kind, amount and source of such income, the amount, if any, of personal exemptions to which they are entitled and the amount of tax paid to such other municipality.
(c) No credit shall be given unless the taxpayer claims such credit on his or her final return or other form prescribed by the Commissioner of Taxation and presents such evidence of the payment of a similar tax to another municipality as the Commissioner may require.
(d) The Commissioner, or any duly authorized agent or employee, may exchange information with the Administrator or his or her authorized agent or employees of other taxing jurisdictions for the purpose of verifying any claim for credit by City residents, or for the purpose of verifying any claims for credit of taxes paid to the City by residents of such other taxing jurisdictions, and may enter into agreements for such purpose.
(Ord. 2015-27. Passed 11-5-15.)