Reduced tax credit to resident taxpayer.
(a) When the taxable income of a Whitehouse resident 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 equal to three quarters of one percent (0.75%) on the income subject to tax by the other municipality. This credit cannot exceed the tax imposed by this chapter on the same income.
(b) Method of applying for credit:
(1) No credit will be given unless the taxpayer claims such on his final return or other form prescribed by the Commissioner of Taxation, and presents such evidence of the payment of a similar tax to another municipality, as the Commissioner of Taxation may require.
(2) A statement satisfactory to the Commissioner of Taxation from the taxing authority of the municipality to which the taxes are paid that a Village resident or his employer is paying the tax, shall be considered as fulfilling the requirement section.
(c) Any claims for credit income taxes paid another municipality on the same taxable income hereunder, and any assignment of the reciprocal credit provided for herein, must be made not later than the time within which a claim for refund may be made. Reciprocal credits duly assigned to the municipality of residence may be presented by such municipality to the Commissioner of Taxation of the Village at any time within three (3) years after the receipt thereof. Failure to make such claim for credit, or to assign the reciprocal credit provided for herein within the time prescribed herein shall render such claim or assignment null and void.
(d) No credit shall be given for any state or school district income tax.
(Ord. 23-2003. Passed 11-18-03.)