(A)   (1)   There is hereby levied and assessed an annual tax in the amount of 2% of the gross receipts from residential and commercial sales of power, light, heat, water, gas or electricity within the city, which tax shall be in lieu of any other franchise, license, occupation or excise tax.
      (2)   The provisions of this section shall not apply to any person, firm, association or corporation operating under a valid franchise from the city, nor shall it apply to any person, firm or corporation operating within the city under implied contract following expiration of a franchise.
   (B)   Nothing herein contained shall be construed as the surrender of the right of the city to regulate and control its public streets, easements and rights-of-way for the benefit of the citizens, nor shall any provision of this section be construed as granting a franchise to any person, firm or corporation within the city.
(Prior Code, § 8-201) (Ord. 1472, passed 6-4-91)
Statutory reference:
   Authority to level utility tax, see 68 O.S. §§ 2601 et seq.