A Resident individual who receives Municipal Taxable Income for work done, services performed, or Business transacted outside the Municipality, or is an Owner of a Pass-Through Entity that has paid a municipal income tax to another municipal corporation in this State and does not conduct business in the Municipality, upon production of satisfactory evidence that such individual has paid an income tax to another municipality, to a Joint Economic Development District or to a Joint Economic Development Zone or that such Pass-Through Entity has paid an income tax to another municipal corporation in this State may claim a credit for the amount of tax paid to such other municipal corporation, Joint Economic Development District or Joint Economic Development Zone, as applicable, equal to the lesser of the following amounts:
(1) The Owner's Proportionate Share of the amount, if any, of tax, paid by the Pass-Through Entity to another municipal corporation in this State; or
(2) The Owner's Proportionate Share of the amount of tax that would be imposed on the Pass-Through Entity by the municipality in which the Taxpayer is domiciled if the Pass-Through Entity conducted business in the municipality.
(Ord. 72-15. Passed 12-14-15.)