(a) A credit, granted by resolution or ordinance of the Municipality pursuant to Section 142.064 or 142.065 of the Codified Ordinances , shall be available to a taxpayer that has made the election allowed under Section 142.80 of the Codified Ordinances, against the municipal corporation's tax on income. A municipal corporation shall submit the following information to the state tax commissioner on or before the later of January 31, 2018, or the thirty-first day of January of the first year in which the taxpayer is eligible to receive the credit:
(2) A copy of the ordinance or resolution authorizing the agreement entered into between the Municipality and the taxpayer.
(b) (1) Each taxpayer that claims a credit shall submit, with the taxpayer's tax return, documentation issued by the Municipality granting the credit that confirms the eligibility of the taxpayer for the credit, the amount of the credit for which the taxpayer is eligible, and the tax year to which the credit is to be applied.
(2) Such documentation shall be provided in the form prescribed by the state tax commissioner.
(3) Nothing in this section shall be construed to authorize the state tax commissioner to enter into an agreement with a taxpayer to grant a credit, to determine if a taxpayer meets the conditions of a tax credit agreement entered into by the Municipality and taxpayer under Section 142.064 or 142.065 of the Codified Ordinances , or to modify the terms or conditions of any such existing agreement.
(Ord. A-2921. Passed 2-12-18.)