(A) If a resident of the Municipality is subject to a municipal income tax in another Ohio municipality as well as in this City, he shall not pay a total municipal income tax (on the same income) greater than the tax imposed at the highest rate to which he is subject.
(B) Every individual who resides in the Municipality who receives net profits, qualifying wages, commissions or other taxable income for work done or services performed or rendered outside the City of Trotwood, and who is liable and has paid to another Ohio municipality an income tax on the same income taxable and taxed under this chapter, shall be allowed a credit against the tax imposed by this chapter (on the same income to the extent such income is taxed under this chapter) of the amount so paid by him or on his behalf to such other Ohio municipality. The credit shall not exceed the Trotwood tax imposed on the income earned in the other municipality(ies) where such tax is paid. The amount of income reported on federal Schedules C, E, and F, earned in and taxed by a given Ohio municipality (as a percentage of total income reported on federal Schedules C, E, and F, attributable to taxing and non-taxing jurisdictions) shall be used to determine each municipality's contribution to Trotwood net profits taxable income, prior to calculation of the resident City credit for taxes paid to other Ohio municipalities on net profit income. The rate to be used for calculation of this credit shall be the lesser of the resident City tax rate or the appropriate rate at which such income was taxed by such other Ohio municipality. The resident City credit(s) for taxes paid to another Ohio municipality(ies) on net profit income shall be calculated as follows:
Trotwood net profits taxable income ($) X municipality contribution (%) X tax rate (%) = allowable credit.
(Ord. 03-18. Passed 2-5-18; Ord. 04-18. Passed 2-5-18.)