A tax is imposed on all persons engaged in the following occupations or exercising the following privileges: 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 specified rates, to be calculated on a monthly basis for each purchaser.
A. Pursuant to 65 Illinois Compiled Statutes 5/8-11-2, the rates set forth below shall be effective from July 1, 2016 through June 30, 2017, for residential and non-residential customers:
1. For the first 2,000 kilowatt-hours used or consumed in a month: $0.001525 (0.1525 cents) per kilowatt-hour;
2. For the next 48,000 kilowatt-hours used or consumed in a month: $0.001 (0.1 cents) per kilowatt-hour;
3. For the next 50,000 kilowatt-hours used or consumed in a month: $0.0009 (0.09 cents) per kilowatt-hour;
4. For the next 400,000 kilowatt-hours used or consumed in a month: $0.000875 (0.0875 cents) per kilowatt-hour;
5. For the next 500,000 kilowatt-hours used or consumed in a month: $0.00085 (0.085 cents) per kilowatt-hour;
6. For the next 2,000,000 kilowatt-hours used or consumed in a month: $0.0008 (0.08 cents) per kilowatt-hour;
7. For the next 2,000,000 kilowatt-hours used or consumed in a month: $0.0007875 (0.07875 cents) per kilowatt-hour;
8. For the next 5,000,000 kilowatt-hours used or consumed in a month: $0.000775 (0.0775 cents) per kilowatt-hour;
9. For the next 10,000,000 kilowatt-hours used or consumed in a month: $0.0007625 (0.07625 cents) per kilowatt-hour; and
10. For all electricity used or consumed in excess of 20,000,000 kilowatt-hours in a month: $0.00075 (0.075 cents) per kilowatt- hour. (Ord. 2015-6, 5-10-2016)
B. The City Council shall review the tax rates periodically and shall change them by passage of an ordinance as necessary. (Ord. 2017-5, 6-19-2017)