(a) When the taxable income of a resident of the City 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 seventy-five percent (75%) of the amount obtained by multiplying the lower of the tax rate of such other municipality or of the City of South Euclid by the taxable income earned in or attributable to the municipality of employment or business activity, but in any event, such credit shall not be applied to a rate in excess of one percent (1%) of the taxable income earned 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) A claim for credit or refund under this section shall be made in such manner as the Administrator may by regulation provide. In. the event such City resident fails, neglects or refuses to file an annual return or declaration on a form prescribed by the Administrator, he shall not be entitled to such credit or refund and shall be considered in violation of this chapter for failure to file a return.
(c) Any provision amending Section 171.1901 shall not be passed unless it receives at least five affirmative votes. Any proposed amendment to Section 171.1901 shall be posted on the City website and e-mailed to all people on the City’s e-mail newsletter distribution list. Furthermore, City Council shall not change any provision of Section 171.1901 without first hosting a series of five public meetings, one shall be held for each Ward of the City and one shall be held in the City at large.
(Ord. 36-83. Passed 11-14-83; Ord. 17-11. Passed 7-11-11.)