(a) When the taxable income of a resident of this 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 such other municipality, equal to 50 percent 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 purposes of this section, "taxable income" includes the distributive share of net profits of a resident partner or owner of an unincorporated business entity.
(b) The method of applying for a credit set forth in division (a) of this section shall be as follows:
(1) No credit will be given unless the taxpayer claims such on his or her final return or other form prescribed by the Administrator, and presents such evidence of the payment of a similar tax to another municipality, as the Administrator may require.
(2) A statement satisfactory to the Administrator from the taxing authority of the municipality to which the taxes are paid that a Pickerington resident or his or her employer is paying the tax shall be considered as fulfilling the requirement of this section.
(Ord. 2002-141. Passed 1-7-03.)