There is hereby levied and assessed an annual tax of two percent (2%) upon the gross receipt from residential and commercial sales of power, light, heat, gas, electricity, or water within the City, which tax shall be in lieu of any other franchise, license, occupation, or excise tax levied by the City, in accordance with the provisions of 68 O.S. §§ 2601-2605, and other applicable provisions of State law.
(Ord. No. 98-09, § 1, 4-6-1998)