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:
(1) First 2,000 KWH: $0.386 per KWH;
(2) Next 48,000 KWH: $0.253 per KWH;
(3) Next 50,000 KWH: $0.228 per KWH;
(4) Next 400,000 KWH: $0.221 per KWH;
(5) Next 500,000 KWH: $0.215 per KWH;
(6) Next 2,000,000 KWH: $0.202 per KWH;
(7) Next 2,000,000 KWH: $0.199 per KWH;
(8) Next 5,000,000 KWH: $0.196 per KWH;
(9) Next 10,000,000 KWH: $0.193 per KWH; and
(10) Over 20,000,000 KWH: $0.190 per KWH.
(B) The tax rates set forth in division (A) above 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).
(2009 Code, § 36-5-1) (Ord. 99-7, passed 6-14-1999)