CHAPTER 4: UTILITIES TAX

Section

   3-4-1   Utility tax levied

   3-4-2   Not to apply to franchises

   3-4-3   Payment of tax

   3-4-4   Failure to pay tax

   3-4-5   Tax constitutes lien

§ 3-4-1 UTILITY TAX LEVIED.

   There is hereby levied and assessed an annual tax of 2% upon the gross receipts from residential and commercial sales of gas and electricity in the town, which tax shall be in lieu of any other franchise, license, occupation or excise tax levied by such town, all as provided by state law.

(Prior Code, § 7-401)

§ 3-4-2 NOT TO APPLY TO FRANCHISES.

   The tax levied under this chapter shall, when levied, apply to all persons, firms, associations or corporations engaged in business of furnishing gas or electricity within the town limits, except it shall not apply to any person, firm, association or corporation operating under a valid franchise from the town.

(Prior Code, § 7-402)

§ 3-4-3 PAYMENT OF TAX.

   The tax levied under this chapter on gas and electric receipts shall be levied for a term of not less than one year and shall be payable as required by the Town Board of Trustees and placed in the General Revenue Fund of the town.

(Prior Code, § 7-403)