73-71 Repeal & enact new sections in Admin relating to Muni Income tax

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~£CTION 12~.1902 TAX C~d~DIT ' (~) ghen th~ taxable income of a resident of the C£ty of Lakcwood l~ subject to a municipal income tax in another municipality on the ~ame income taxable under this Chapter, such rc$idcnt shall be allowed a credit o£ the amount o£ Income tax paid on such taxabte income to such other municipality, equal to seven~y-£1ve per cent (75%) of ~he amount obtained by multiplyin~ the lo-er of thc tax rate of such other municipality or of the ~ity of Lakewood by the taxable income' earned in or attr£bucable to the mun~c£pality of employmen~ or business activity. For the purposes of this section ts×able income abel! inclt:de the distributive share o£ net profits of a residen~ partner or owner of an unincorporated business entity. (b) A claim for credit or re£und under this section shall be made ~n such manner as the Adrrdn~s~rator may by ~egulation provide. the event such'Lakewood resident £ails, neglects, or refuses to file an annual return or declaration on the form prescribed by the Administrator, he shall not be entitled to such credit or refund and shall be consider- ~d ~n v~olation o£ th~s Chapter £or £ailure to £ile a return. SECTION 128.2311 AUTHORITY TO CONTRACT FOR CEh~RAL COLLECTION ~he City o£ Lakewood having already entered into an agreement for the 4stablishment of a Regional C0uncil of Governments pursuant ordinance number 34-71,' ~hich Coun¢£1 has organized a munSz~pal tax aollectibn agency known as "Regic'-al Income Tax Agency," the Board 'of Trustees of said Regional Inc .~ Tax Agency is authorized to administer and enforce the provi:'ons of this. Chapter as the agent of the City of Lake':~d, and the duties and authority of the Ad~n- istra~or ~creunder .'ay be perform~ by the Board of T~ustees of said agency through the Administrator of said asency. Provided, however, the Administrator of said agency shall have no authority to abate Penalties or interest provided for in Section 128.1501 and Section l~8.1502, hereunder.. Section 3. That this ordinance is hereby declared to be.an emergency measure ~for the reasons stated in the preamble hereof and provided it receives· the affi:rmative vote of two-thirds of all members elected to Council, and is approved by the Mayor, it shall take effect and be in force as of January 1, 1972 and existing Sections 128.0501, 128.0704, !28.1101, 128.1301, 128.1302, 128.1303, 128.1305, 128.1306, 128.1307, 128.I501, 128.1502, 128.1504,-128.1902 and 128.2311 are hereby repealed eff~ective January 1, 1972~ provided further that the ~doption of this ordinance shall not affect any rights, °bliga~ions or duties that shall be or have.been accrued under such repealed sections prior to J~nuar¥ 1, 1972. Api~roYed: Prcsidcut · ~ ~ ¢ l~r k .~ ~ May~