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