Introduced House Bill (H)

DIGEST

Local option income taxes. Provides that an individual who has a principal place of employment or business in a county other than the individual's county of residence shall pay a local income tax imposed by the county where the individual maintains the principal place of employment or business at a rate that is 25% of the sum of certain tax rates imposed on residents of the county under those taxes. Provides a credit against any tax liability imposed by the individual's county of residence equal to the amount of the tax paid to the county where the individual has the Local option income taxes. Provides that an individual who has a principal place of employment or business in a county other than the individual's county of residence shall pay a local income tax imposed by the county where the individual maintains the principal place of employment or business at a rate that is 25% of the sum of certain tax rates imposed on residents of the county under those taxes. Provides a credit against any tax liability imposed by the individual's county of residence equal to the amount of the tax paid to the county where the individual has the individual's principal place of employment or business. ... View more