(a) Every individual taxpayer who resides in the City but earned, received, accrued or in any other way had set aside unto him net profits, salaries, wages, commissions or other compensation for work done or service performed or rendered outside the City, if it is established that he has paid a municipal income tax or a Joint Economic Development District income tax on such net profits, salaries, wages, commissions or other compensation to another municipality or to a Joint Economic Development district income tax, shall be allowed a credit on the tax imposed by this chapter in an amount equal to fifty percent (50%) of the tax so paid by him or on his behalf to such other municipality or to a Joint Economic Development District income tax. Notwithstanding the foregoing, in no event shall such credit exceed fifty percent (50%) of the tax assessed by this chapter on such net profits, salaries, wages, commissions or other compensation earned, received, accrued or in any other way had set aside unto him in such other municipality or municipalities or a Joint Economic Development District income tax where such tax is paid. There shall be no carry forward or carry backward of such tax credit to any tax year other than the tax year in which the tax, upon which the credit is based, was paid to such other municipality or municipalities or to a Joint Economic Development income tax.
(b) Notwithstanding the provisions contained in Section 195.11, or any other provisions inconsistent herewith, a claim for refund or credit under this section shall be made in such manner as the Board of Review may by regulation provide. No such claim for refund or credit shall be allowed unless made on or before the date for filing the taxpayer's final return, unless such taxpayer's employer has filed with the Commissioner of Taxation a record showing the tax withheld from such taxpayer's wages, salaries, or commissions for other municipalities or for a Joint Economic Development District income tax, and the taxpayer releases a City wage statement and such other information as deemed necessary by the Commissioner of Taxation.
(c) Taxpayers shall be allowed the credits established under Ohio Revised Code Sections 718.021, 718.121, and 718.14, but only to the extend as limited by Ohio Revised Code Chapter 718.
(Ord. 03-381. Passed 11-25-03.)