Taxpayer subject to different tax rates; rate of tax
Sec. 14. If for any taxable year a county taxpayer is subject to
different tax rates for the county option income tax imposed by a
particular county, the taxpayer's county option income tax rate for
that county and that taxable year is the rate determined in the last
STEP of the following STEPS:
STEP ONE: Multiply the number of months in the taxpayer's
taxable year that precede July 1 by the rate in effect before the
rate change.
STEP TWO: Multiply the number of months in the taxpayer's
taxable year that follow June 30 by the rate in effect after the
rate change.
STEP THREE: Divide the sum of the amounts determined
under STEPS ONE and TWO by twelve (12).
As added by P.L.44-1984, SEC.14.
Last modified: May 28, 2006