It is the intent of this section that a resident taxpayer, subject to tax in more than one municipality on the same income, be granted a credit toward tax paid in other municipalities. Accordingly, notwithstanding any other provisions of this chapter:
(A) When taxable income of a resident of the Municipality is subject to a municipal income tax in another municipality, on the same income taxable under this chapter, such resident shall be allowed a credit of the amount of income tax paid on such taxable income to the other municipality equal to fifty percent (50%) of the amount obtained by multiplying the lower of the tax rate of such other municipality, or of this Municipality, by the taxable income earned in or attributable to the municipality of employment or business activity. For the purpose of this section, taxable income includes the distributive share of net profits of a resident partner or owner of an unincorporated business entity. In cases where the tax withheld or paid was in excess of the other city's rate, the rate allowed would be the maximum allowable by the other city. Likewise in the event of tax withheld or paid at less than the other city's rate, the taxable income toward the calculation of the credit would be based on the income actually taxed.
(B) Perrysburg resident individuals entitled to such credit shall file a return indicating the kind, amount and source of such income, the amount, if any, of the personal exemption to which they are entitled, and the amount of tax paid to such other municipality.
(C) No credit will be applied unless the taxpayer claims such credit on his final return or other form prescribed by the Tax Administrator and presents such evidence of the payment of a similar tax to another municipality as the Tax Administrator may require.
(D) The Tax Administrator, or any duly authorized agent or employee, may exchange information with the Tax Administrator or his/her authorized employee of other taxing jurisdictions for the purpose of verifying any claim for credit by Perrysburg residents, or for the purpose of verifying any claims for credit for taxes paid to the City of Perrysburg by residents of such other taxing jurisdictions and may enter into agreements for such purpose.
(E) No credit shall be applied for tax paid to a school district.
(Ord. 104-2015. Passed 11-17-15.)