Tax not in effect during entire taxable year
Sec. 16. If a municipal option income tax is not in effect during an
individual taxpayer's entire taxable year, the amount of municipal
option income tax that the taxpayer owes for that taxable year equals
the product of:
(1) the amount of the municipal option income tax the taxpayer
would owe if the tax had been imposed during the taxpayer's
entire taxable year; multiplied by
(2) a fraction. The numerator equals the number of days during
the taxpayer's taxable year that the municipal option income tax
was in effect. The denominator equals the total number of days
in the taxpayer's taxable year.
As added by P.L.151-2001, SEC.6.
Last modified: May 28, 2006