(a) Income tax that has been deposited with City of South Euclid, but should have been deposited with another municipality, is allowable by City of South Euclid as a refund but is subject to the three-year limitation on refunds.
(b) Income tax that was deposited with another municipality but should have been deposited with City of South Euclid is subject to recovery by City of South Euclid. If City of South Euclid's tax on that income is imposed after the time period allowed for a refund of the tax or withholding paid to the other municipality, City of South Euclid shall allow a non-refundable credit against the tax or withholding City of South Euclid claims is due with respect to such income or wages, equal to the tax or withholding paid to the first municipality with respect to such income or wages.
(c) If City of South Euclid's tax rate is less than the tax rate in the other municipality, then the non-refundable credit shall be calculated using City of South Euclid's tax rate. However, if City of South Euclid's tax rate is greater than the tax rate in the other municipality, the tax due in excess of the non-refundable credit is to be paid to City of South Euclid, along with any penalty and interest that accrued during the period of nonpayment.
(d) Nothing in this section permits any credit carry-forward.
(Ord. 21-15. Passed 10-26-15.)