Sec. 4-341. - Natural gas distributor gross receipts tax.
Secs. 4-342—4-400. - Reserved.
Sec. 4-341. - Natural gas distributor gross receipts tax.
In addition thereto, any municipality with a population greater than 50,000 may impose, by duly enacted ordinance, a local franchise tax of no greater than two percent of the gross receipts received by the distributor from the amount of natural gas distributed to residences and businesses located within the boundaries of the municipality. The proceeds of any taxes imposed by such municipality pursuant to its authority set forth in this subsection shall be remitted to that municipality.
(S.B. No. 180, § 1, 7-8-03)