§ 34.07  ELECTRIC UTILITY; TAX.
   (A)   Definitions. For the purpose of this section, the following definitions shall apply unless the context clearly indicates or requires a different meaning.
      ELECTRIC COMPANY. Every person, firm, company, joint stock association or corporation engaged in the business of selling electricity for light, heat, power and other purposes for public or private use in the city.
      GROSS REVENUES. All sums, excluding any surcharge or similar addition to the electric company's charges to customers for the purpose of reimbursing the electric company for the cost resulting from the franchise fee, received by the electric company from the sale of electric energy to its retail customers within the corporate limits of the city.
   (B)   Tax imposed. Every electric company must pay the city 6% of its monthly gross revenues derived from the sale of electricity within the city. The payment of the gross revenues tax must be in two installments. The first installment must be paid on or before July 31 and shall cover the period from January 1 through June 30. The second installment must be paid on or before January 31 and shall cover the period from July 1 through December 31.
   (C)   Accounting. For the purpose of ascertaining the gross revenues, each electric company must keep an accurate account of all sales within the city and must annually furnish the Finance Director with an accounting of the sales. A qualified person from the electric company must verify the accounting. The electric company agrees to make its records available for inspection by the city at reasonable times provided that the city and its designated representative agree in writing not to disclose any information which would indicate the amount paid by any identifiable customer or customers or any other information regarding identified customers.
(2001 Code, § 710)  (Ord. 18-09, passed 3-26-2018; Ord. 19-07, passed 4-8-2019)