A tax is imposed on all persons engaged in the following occupations or privileges.
(A) The privilege of using or consuming electricity acquired in a purchase at retail and used or consumed within the corporate limits of the village at the following rates, calculated on a monthly basis for each purchaser:
First 2,000 KWH | 0.262 cents per KWH |
Next 48,000 KWH | 0.172 cents per KWH |
Next 50,000 KWH | 0.155 cents per KWH |
Next 400,000 KWH | 0.150 cents per KWH |
Next 500,000 KWH | 0.146 cents per KWH |
Next 2,000,000 KWH | 0.138 cents per KWH |
Next 2,000,000 KWH | 0.135 cents per KWH |
Next 5,000,000 KWH | 0.133 cents per KWH |
Next 10,000,000 KWH | 0.131 cents per KWH |
Over 20,000,000 KWH | 0.129 cents per KWH |
(B) 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 90-561), 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 90-561).
(1999 Code, § 36-4-1) (Ord. 99-104, passed 5-11-1999)