Credit for tax withheld

§ 53. Credit for tax withheld.-- Wages upon which tax is required to\nbe withheld shall be taxable under this local law as if no withholding\nwere required, but any amount of tax actually deducted and withheld\nunder this local law in any calendar year shall be deemed to have been\npaid to the administrator on behalf of the person from whom withheld,\nand such person shall be credited with having paid that amount of tax\nfor the taxable year beginning in such calendar year. For a taxable\nyear of less than twelve months, the credit shall be made under\nregulations of the administrator.\n