From and after the effective date of this chapter, there is hereby levied and assessed an annual tax of 2% upon the gross receipts from residential and commercial sales of power, light, heat, gas, electricity, or water in said town which tax shall be in lieu of any other franchise, license, occupation, or excise tax levied by such town.
(Prior Code, § 1-159)
Statutory reference:
Related provisions, see 68 O.S. § 2601-2605