(A) Subject to subsection (B) below, a Municipality shall grant a credit against its tax on income to a resident of the Municipality who works in a joint economic development zone created under section 715.691 or a joint economic development district created under section 715.70, 715.71, or 715.72 of the Ohio Revised Code to the same extent that it grants a credit against its tax on income to its residents who are employed in another municipal corporation, pursuant to Section 881.081 of this Chapter.
(B) To meet the spirit and intent of the Lytle Five Points Road Joint Economic Development District, and in order to advance certain public purposes including but not limited to economic development, job creation and retention and educational benefits resulting from the continued existence of the Lytle Five Points Road Joint Economic Development District, an individual taxpayer who resides in the Municipality and works in the Lytle Five Points Road Joint Economic Development District, shall receive an additional credit not to exceed one half percent (0.5%) of the income subject to taxation as herein provided if it is made to appear that he or she has paid income tax on the same income taxable under this chapter to the Lytle Five Points Road Joint Economic Development District.
(C) If the total amount of credits granted under this Section and 881.081 exceed the total amount of tax owing to the Municipality before application of all such credits, then no refund shall be due or payable to the taxpayer. (Ord. 15-30. Passed 11-19-15.)