Tax not in effect entire taxable year
Sec. 15. If the county option income tax is not in effect during a
county taxpayer's entire taxable year, the amount of county option
income tax that the county taxpayer owes for that taxable year equals
the product of:
(1) the amount of county option income tax the county taxpayer
would owe if the tax had been imposed during the county
taxpayer's entire taxable year; multiplied by
(2) a fraction. The numerator of the fraction equals the number
of days in the county taxpayer's taxable year during which the
county option income tax was in effect. The denominator of the
fraction equals the total number of days in the county taxpayer's
taxable year.
However, if the taxpayer files state income tax returns on a calendar
year basis, the fraction to be applied under this section is one-half
(1/2).
As added by P.L.44-1984, SEC.14.
Last modified: May 28, 2006