(A) Income tax that has been deposited with the Municipality of Norwood, but should have been deposited with another municipality, is allowable by the Municipality of Norwood as a refund but is subject to the three-year limitation on refunds.
(B) Income tax that was deposited with another municipality but should have been deposited with the Municipality of Norwood is subject to recovery by the Municipality of Norwood. If the Municipality of Norwood's tax on that income is imposed after the time period allowed for a refund of the tax or withholding paid to the other municipality, the Municipality of Norwood shall allow a nonrefundable credit against the tax or withholding the Municipality of Norwood claims is due with respect to such income or wages, equal to the tax or withholding paid to the first municipality with respect to such income or wages.
(C) If the Municipality of Norwood's tax rate is less than the tax rate in the other municipality, then the nonrefundable credit shall be calculated using the Municipality of Norwood's tax rate. However, if the Municipality of Norwood's tax rate is greater than the tax rate in the other municipality, the tax due in excess of the nonrefundable credit is to be paid to the Municipality of Norwood, along with any penalty and interest that accrued during the period of nonpayment.
(D) Nothing in this section permits any credit carryforward.
(Ord. 1-2018. Passed 1-23-18.)