Tax rate
Sec. 10. (a) The maximum rate of the municipal option income tax
imposed on a resident municipal taxpayer under this chapter is one
percent (1%). The maximum rate of the municipal option income tax
imposed on all other municipal taxpayers under this chapter is
one-half percent (0.5%).
(b) A municipal option income tax imposed under this chapter
applies to resident municipal taxpayers and all other municipal
taxpayers. The municipal option income tax rate in effect for the
municipal taxpayers of a municipality who are not resident municipal
taxpayers of that municipality is at all times one-half (1/2) of the tax
rate imposed upon resident municipal taxpayers.
As added by P.L.151-2001, SEC.6.
Last modified: May 28, 2006