(a) When a resident of this municipality 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 taxable income greater than the tax imposed at the higher rate. Credit shall be given for municipal taxes withheld or paid to another municipality or joint economic development district. Such credit shall be limited to the amount of taxes, which would have been paid at the Tallmadge tax rate and applies to each Federal Form W-2 or taxpayer's taxable income separately. Credit for taxes shall not be granted against tax liability on income not actually taxed.
(b) Every individual taxpayer who resides in this municipality who receives net profits, salaries, wages, commissions, or other forms of income received from sources outside of this municipality, if it be made to appear that he has paid a municipal income tax on the same income taxable under this Chapter to another municipality or joint economic development district, shall be allowed a credit against the tax imposed by this Chapter in the amount so paid by him or on his behalf to such other municipality or joint economic development district. The credit shall not exceed the tax assessed by this Chapter on such taxable income earned in such other municipality or municipalities or joint economic development districts where such tax is paid.
(c) A claim for refund or credit under this section shall be made in such manner as the Tax Administrator may by regulation provide.
(Ord. 13-2007. Passed 1-25-07.)