Findlay residents employed outside the city won’t be receiving a municipal income tax credit.
On Tuesday, Findlay City Council discussed the tax credit idea with council members dismissing it as fiscally risky and fundamentally unfair.
Offering a credit for Findlay residents who work outside of the city, and pay another city’s income tax, began in 1967 when Findlay’s 1 percent income tax collection started. Residents were offered a full credit until 1979. The credit then fluctuated between a half-percent and 1 percent.
In 2009, the half-percent credit was abolished.
In 2013, the credit would have resulted in the city’s tax collection being reduced by $567,617.