(A) Where a resident of the City of Stow is subject to a municipal income tax in another municipality or in a Joint Economic Development District, he shall not pay a total municipal income tax on the same income greater than the tax imposed at the higher rate.
(B) Every individual taxpayer who resides in the City of Stow who receives net profit, salaries, wages, commissions or other compensation, and other income from a resident or nonresident business entity or association of which he is a partner or owner, for work done or services performed or rendered outside of the city, if it is made to appear that he or such business entity has paid a municipal or a Joint Economic Development District income tax on or with respect to the same income taxable under this Chapter to another municipality or to a Joint Economic Development District, shall be allowed a credit against the tax imposed by this Chapter in an amount paid by him, in his behalf or by such business entity, to the other municipality or Joint Economic Development District. In no event, however, shall any municipal income tax or any Joint Economic Development District tax and allowed as a credit hereunder be deductible in computing the net profit of such taxpayer or such business entity. In addition, the credit shall not exceed the tax assessed by this Chapter on income earned in such other municipality or municipalities or Joint Economic Development District(s) where the tax is paid.
(C) A claim for refund or credit under this section shall be made in such manner as the Administrator may by regulation provide.
(Ord. 2015-146. Passed 11-19-15.)