(A) A tax is imposed on all persons engaged in the following occupations or privileges:
(1) The privilege of using or consuming electricity acquired in a purchase at retail and used or consumed within the corporate limits of the municipality at the following rates calculated on a monthly basis for each purchaser:
(a) For the first 2,000 kilowatt-hours used or consumed in a month; .3416 cents per kilowatt-hour (.003416/kilowatt-hour);
(b) For the next 48,000 kilowatt-hours used or consumed in a month; .2240 cents per kilowatt-hour (.002240/kilowatt-hour);
(c) For the next 50,000 kilowatt-hours used or consumed in a month; .2016 cents per kilowatt-hour (.002016/kilowatt-hour);
(d) For the next 400,000 kilowatt-hours used or consumed in a month; .1960 cents per kilowatt-hour (.001960/kilowatt-hour);
(e) For the next 500,000 kilowatt-hours used or consumed in a month; .1904 cents kilowatt-hour (.001904/kilowatt-hour);
(f) For the next 2,000,000 kilowatt-hours used or consumed in a month; .1792 cents per kilowatt-hour (.001792/kilowatt-hour);
(g) For the next 2,000,000 kilowatt-hours used or consumed in a month; .1764 cents per kilowatt-hour (.001764/kilowatt-hour);
(h) For the next 5,000,000 kilowatt-hours used or consumed in a month; .1736 cents per kilowatt-hour (.001736/kilowatt-hour);
(i) For the next 10,000,000 kilowatt-hours used or consumed in a month; .1708 cents per kilowatt-hour (.001708/kilowatt-hour); and
(j) For all electricity used-or consumed in excess of 20,000,000 kilowatt-hours in a month: .1680 cents per kilowatt-hour (.001680/kilowatt-hour).
(2) The tax rates set forth in the preceding table will be used at least through December 31, 2008 are proportional to the rates enumerated in 65 ILCS § 5/8-11-2 (as modified by Public Act 90-56 1), and do not exceed the revenue that could have been collected during 1997 using the rates enumerated in 65 ILCS § 5/8-11-2 (as modified by Public Act 90-56 1).
(B) Pursuant to 65 ILCS § 5/8-1 1-2 the rates set forth in subsection (A) above shall be effective:
(1) On August 1 1998 for residential customers; and
(2) On the earlier of:
(a) The last bill issued prior to December 31, 2000 or
(b) The date of the first bill issued pursuant to 220 ILCS § 5/16-104 for nonresidential customers.
(C) The provisions of Subsection (B)(1) shall not be effective until August 1, 1998.
(Ord. 3152, passed 4-21-98)