§ 104.45. Credits.

(A)

A credit, granted by resolution or ordinance of the municipality pursuant to Sections 104.043 and 104.044 of this chapter, shall be available to a taxpayer that has made the election allowed under Section 104.30 of this chapter, the municipality's tax on income. The municipality shall submit the following information to the Tax Commissioner on or before the later of January 31, 2018, or the thirty-first day of January of the first year in which the taxpayer is eligible to receive the credit:

(1)

A copy of the agreement entered into by the municipality and taxpayer under Sections 104.043 and 104.044 of this chapter;

(2)

A copy of the municipal ordinance or resolution authorizing the agreement entered into between the municipality and the taxpayer.

(B)

(1)

Each taxpayer that claims a credit shall submit, with the taxpayer's tax return, documentation issued by the municipality that confirms the eligibility of the taxpayer for the credit, the amount of the credit for which the taxpayer is eligible, and the tax year to which the credit is to be applied.

(2)

Such documentation shall be provided in the form prescribed by the Tax Commissioner.

(3)

Nothing in this section shall be construed to authorize the Tax Commissioner to enter into an agreement with a taxpayer to grant a credit, to determine if a taxpayer meets the conditions of a tax credit agreement entered into by the municipality and taxpayer under Sections 104.043 and 104.044 of this chapter, or to modify the terms or conditions of any such existing agreement.

(Ord. 83-2018)