(a) As a result of passage of Village of Woodmere Ballot Issue No. 102 which passed at the November 3, 2009 election and became effective on January 1, 2010, the Village Income Tax Rate was raised to a rate of 2.5%. In addition, the credit for Village residents who pay municipal income tax elsewhere was increased to one-hundred percent (100%) up to the tax credit rate limit of 2.5%. For the purposes of this section taxable income shall include the distributive share of net profits of a resident partner or owner of an unincorporated business entity.
(Ord. 1980-27. Passed 6-19-80; Ord. 2009-38. Passed 8-5-09.)
(b) A claim for credit or refund under this section shall be made in such manner as the administrator may by regulation provide. In the event the Municipal resident fails, neglects, or refuses to file an annual return or declaration on the form prescribed by the administrator, he shall not be entitled to the credit or refund and shall be considered in violation of this chapter for failure to file a return.
(c) Claims for credit for taxes paid another municipality shall be handled solely in accord with reciprocity agreements between municipalities. For a claim for refund of taxes erroneously paid see Section 181.10(b).
(Ord. 1967-02. Passed 5-17-67.)