(a) A resident of the City who is required to and does pay, or acknowledges liability for, a municipal tax on or measured by income, to another municipality upon the same income taxable under the provisions of this chapter, may claim a credit up to the entire first one percent of taxable income paid by him or her or on his or her behalf to such other municipality as tax. In no event shall such credit exceed one percent of such taxable income.
(b) A claim for credit as herein provided shall be made in such manner as the Administrator may require by regulation or policy.
(c) Such credit shall become effective for any and all income taxable by the City of Parma which is earned on or after April 1, 2002.
(d) Any adjustments to the municipal income tax credit rate set forth in this section shall first be submitted to the electors of the City for approval.
(e) As approved by the voters at the May 2, 2006, primary election, effective January 1, 2007, the municipal income tax credit set forth in divisions (a), (b), and (c) of this section on any and all income taxable by the City of Parma which is earned on or after January 1, 2007, shall be increased to the entire first 2% of taxable income paid to another municipality as tax and in no event shall such credit exceed 2% of such taxable income.
(Ord. 12-74. Passed 2-4-74; Ord. 113-02. Passed 3-20-02; Ord. 373-04. Passed 12-20-04; Ord. 416-04. Passed 7-18-05; Ord. 301-05. Passed 12-19-05; Ord. 52-06. Passed 2-13-06.)