Upon any person engaging or continuing within this Town in any public service or utility business, except railroad, railroad car, express, pipeline, telephone and telegraph companies, water carriers by steamboat or steamship and motor carriers, there is likewise 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 rate as follows: street, interurban and electric railways, forty-two hundredths of one percent (.42%); electric light and power companies, four percent {4%) on sales and demand charges for domestic purposes and commercial lighting, three percent {3%) on sales and demand charges for all other purposes; natural gas companies, two percent (2%) on the gross income, such gross income for this purpose to be determined by deducting from gross income all sales of gas to consumers the amount of the tax paid by the taxpayer under Section 763.03, on the production of the same gas; toll bridge companies, three percent (3%); water companies, two percent {2%) of the gross income of the business; and upon all other public services or utility businesses two percent (2 %). The measure of the tax under this section shall include only gross income received from the supplying of public service. 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.
(Passed 7-3-22.)