(A) The City Council, being vested with power so to do, does hereby levy and assess an annual tax upon the gross receipts from residential and commercial sales of power, light, heat, electricity, water, natural gas and liquified petroleum gas in the city, in the amount of 2% of the gross receipts from the residential and commercial sales.
(B) This tax shall be in lieu of any other franchise, license, occupation or excise tax levied by the city.
(2002 Code, § 35.30) (Ord. 251, passed 11-2-1987)