3-40-310 Gross receipts tax.
   A tax is imposed upon all persons engaged in the business of transmitting messages by means of electricity at the rate of two percent of the gross receipts from such business after December 31, 1955, originating within the corporate limits of the city, subject, however, to all the provisions, conditions and limitations in Section 23-113 of the Revised Cities and Villages Act, authorizing this tax, and to all the provisions, conditions and limitations in this ordinance, consistent with the powers conferred upon the city by said section and other relevant law.
   A tax is imposed upon all persons engaged in the business of transmitting messages by means of electricity at the rate of three percent of the gross receipts from such business after December 31, 1967, originating within the corporate limits of the city. This tax is in addition to the tax imposed at the rate of two percent of the gross receipts of such business contained in the first paragraph of this section, so that subsequent to December 31, 1967, a tax is imposed upon all persons engaged in the business of transmitting messages by means of electricity at the rate of five percent of the gross receipts from such business.
   Said tax shall be in addition to the payment of money or value of services furnished to the city under the provisions of any subsisting franchise ordinance granting to the taxpayer the right, permission, and authority to use the streets and public property of the city for construction, maintenance or operation of the taxpayer's plant or equipment used or useful in the conduct of the taxpayer's business.
(Prior code § 132-31)