(A) There is levied an excise tax of 2% upon the gross proceeds or gross receipts derived from all sales taxable under the Sales Tax Law of Oklahoma (68 O.S. §§ 1350 et seq., as amended).
(B) In addition, there is levied an excise tax of 1% upon the gross receipts derived from all sales taxable under the Oklahoma Sales Tax Code, as set out therein. There is hereby specifically exempted from the tax levied under this division (B) the gross receipts or gross proceeds exempted from the Oklahoma Sales Tax Code, as set out therein.
(`85 Code, § 1-67) (Am. Ord. 219, passed 3-8-04)