(a) Where a resident or resident business of the City of Trenton is subject to a municipal income tax in another municipality, or Joint Economic Development District income tax in a Joint Economic Development District, he shall receive a credit, not to exceed one and one-half percent against the tax imposed by this Chapter of the earnings taxed by such a municipality or Joint Economic Development District, and shall not pay a total municipal income tax on the other income greater than the tax imposed at the higher rate.
(b) Every individual taxpayer who resides in the City of Trenton who receives net profits, salaries, wages, commissions or other personal service compensation for work done, or services performed or rendered outside of the City of Trenton, if it appears that he has paid a municipal income tax or Joint Economic Development District tax on the same source of income taxable under this chapter to another municipality or Joint Economic Development District, shall be allowed a credit not to exceed one and one-half percent against the tax imposed by this chapter of the amount of tax 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 source of income earned in such other municipality or Joint Economic Development District, where such tax is paid.
(c) A claim for refund or credit under this section shall be made in such manner as the Commissioner of Taxation may by regulation provide.
(Ord. 05-2014. Passed 3-6-14.)