A tax is imposed on all persons engaged in the following occupations or privileges:
(A) Persons engaged in the business of transmitting messages by means of electricity, at the rate of 4% of the gross receipts from such business originating within the corporate limits of the village; funds generated from the 4% of the gross receipts of the business of transmitting messages by means of electricity shall be used for new sidewalks, maintaining street signs, mowing, planting new trees, maintaining tile drainage, maintaining village alleys and towards equipment purchases; and said funds shall be held in an interest-bearing account and shall be used only with two-thirds approval of the Village Board of Trustees; and
(B) Persons engaged in the business of distributing, supplying, furnishing or selling gas for use or consumption within the corporate limits of the village, and not for resale, at the rate of 3% of the gross receipts therefrom; said funds generated from the 3% tax on gross receipts of the business of distributing, supplying, furnishing, or selling gas shall be placed into a fund and used towards major projects, purchases and expenses of the project; and said funds shall be disbursed upon two-thirds approval of the Village Board.
(1999 Code, § 36-3-1) (Ord. 91-108, passed 10-21-1991; Ord. 91-108B, passed 12-2-1991; Ord. 11/12/13-2, passed 11-12-2013; Ord. 2015-7, passed 8-11-2015; Ord. 2016-4, passed 5-10-2016)