There is hereby levied an excise tax of 4% upon the gross proceeds or gross receipts derived from all sales taxable under the State Sales Tax Code. Said tax has been approved by a majority of the registered voters of the town voting on same in elections conducted in the manner prescribed by state law. Exemptions from such taxes shall be allowed pursuant to Oklahoma Statutes.
(Prior Code, § 2-2A-3) (Ord. 298, passed 7-19-2000)