(A) Where a resident of the Municipality Is subject to a municipal income tax in another municipality, he shall not pay a total municipal income tax on the other income greater than the tax imposed at the higher rate.
(B) (1) Every individual taxpayer who resides in the Municipality who receives salaries, wages, commissions or other personal service compensation for work done or services performed or rendered outside of the Municipality, if he has paid a municipal income tax on the same income taxable under this Chapter to another municipality, shall be allowed a credit against the tax imposed by this Chapter of the amount so paid by him or on his behalf to such other municipality. The credit shall not exceed the tax assessed by this Chapter on such income earned in such other municipality or municipalities where such tax is paid.
(2) For individual taxpayers with income reported on Schedules C. E or F who reside in the Municipality, the credit for taxes paid to other municipalities shall be determined as follows:
(a) The taxpayer shall first determine the percentage of income reported on federal Schedules C, E and F and, earned in and taxed by another municipality compared to the total income reported on Schedules C, E and F attributable to taxing and non-taxing jurisdictions. This percentage shall be considered the "municipality contribution”
(b) The allowable credit shall equal the total Income reported on Schedules C, E and F multiplied by the municipality contribution determined under (a) multiplied by the lower of (i) the tax rate under this Chapter or (ii) the rate at which such income was actually taxed.
(c) The taxpayer shall make the calculation for each other municipality for which he is claiming a credit. (Ord. 61-2016. Passed 1-3-17.)