(A) Every individual taxpayer who resides in the Village but who received net profits or qualifying wages for work done or services performed or rendered outside of Village, and who has paid a municipal income tax on such net profits or qualifying wages in another municipality, shall be allowed a credit for the amount so paid by that individual taxpayer on his or her behalf in such other municipality, such credit not to exceed one-half percent (1/2 %) of that taxpayer's municipal taxable income. This credit is to be applied only to the extent of the tax assessed by this chapter by reason of such net profits and qualifying wages earned in such other minicipality where such tax is paid.
(B) This section shall not be construed to create a credit for any income taxes paid to any school district under (1) school district income tax, or (2) any annual tax for school district purposes on the school district income of individuals and estates.
(Ord. 15-032. Passed 12-21-15.)