Pursuant to Sections 2601 through 2605 of Title 68 of the Oklahoma Statutes, the city council, being vested with the power so to do, does hereby levy and assess an annual tax upon the gross receipts from residential and commercial sales of power, light or electricity in the city in an amount of two percent (2%) of the gross receipts for residential and commercial sales, which tax shall be in lieu of any other franchise, license, occupation or excise tax, levied by the city. (Ord. No. 239, 8/5/80)
State Law Reference: City authority to levy utility tax of 2%, 68 O.S. Sections 2601 et seq.