Upon every person engaging or continuing within the City in a public service or utility business, except railroad, railroad car, express, water companies, pipeline, telephone and telegraph companies, water carriers by steamboat or steamship and motor vehicle carriers, there is hereby levied and shall be collected taxes on account of the business engaged in equal to the gross income of the business multiplied by the respective rates as follows:
Street and interurban and electric railways, seventy-five one-hundredths of one percent (.75%); water companies, three percent (3%), except as to income received by Municipally-owned water plants; electric light and power companies, four percent (4%) on sales and demand charges for domestic purposes and commercial lighting; and three percent (3%) on sales and demand charges for all other purposes, except as to income received by Municipally-owned plants producing or purchasing electricity and distributing it; natural gas companies, three percent (3%) on the gross income, such gross income for this purpose to be determined by deducting from the gross income from all sales of gas to consumers, the amount of the tax paid by the taxpayer under Section 737.04 on the production of the same gas; and on all other public service or utility business, two percent (2%).
(Ord. 1-03. Passed 3-24-03.)