(a) When the taxable income of a resident of the Municipality is subject to a municipal income tax in another municipality on the same income taxable under this chapter, such resident shall be allowed a credit of fifty percent (50%) of the income tax paid on such taxable income to such other municipality, but such credit shall not exceed fifty percent (50%) of the tax assessed by this chapter.
(b) In the event such resident of the Municipality fails, neglects or refuses to file a return or form as is prescribed by the Administrator, such resident shall not be entitled to a credit and shall be considered in violation of this chapter for failure to file a return and make payment of taxes due hereunder.
(Ord. 2021-184. Passed 11-16-21.)