(a) Upon any person engaging or continuing within the town, in the following public service or utility business, there is likewise hereby levied and shall be collected taxes, on account of the business engaged in, equal to the gross income of the business multiplied by the respective rates as follows:
(1) Electric light and power companies: 4% on sales and demand charges for domestic purposes and commercial lighting and 3% on sales and demand charges for all other purposes, and except as to income received by municipally-owned plants producing or purchasing electricity and distributing same; and
(2) Natural gas companies: 3% on the gross income.
(b) The measure of this tax shall not include gross income derived from commerce between the state and other states of the United States or between the state and foreign countries. The measure of the tax under this section shall include only gross income received from the supplying of public service. The gross income of the taxpayer from any other activity shall be included in the measure of the tax imposed upon such other activity by the appropriate section or sections of this article.
(Ord. 1990-05, passed 6-12-1990; Ord. passed 3-26-1991)