Upon any person engaging or continuing within this City in any public service or utility business, except railroad, railroad car, express, water companies, pipe line, 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 railroads, one percent; water companies, four percent, except as to income received by municipally owned water plants; electric light and power companies, four percent on sales and demand charges for domestic purposes and commercial lighting, and three percent on sales and demand charges for all other purposes; natural gas companies, three percent 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 745.24 on the production of the same gas; and on all other public service or utility business, two percent. The gross income of the taxpayer from any other activity shall be included in the measure of the tax imposed under the appropriate section or sections of this article. (Ord. 95-17. Passed 6-15-95.)