From and after September 3, 1960, there is hereby levied and assessed an annual tax of two percent (2%) upon the gross receipts from all sales of gas, power, light or electricity in the city, which tax shall be in lieu of any other franchise, license, occupation, or excise tax levied by such city, all as provided by state law. (Ord. No. 88-7-1, 6/29/88)
State Law Reference: Utility receipt tax, cities authorized to levy, 68 O.S. 2601 et seq.