Agenda - Council - 12/17/1991 - Laserfiche WebLink

Home

I I I I I I ,il ! ! ! ,I I I' I CITY OF COON RAPIDS, MINNESOTA CHAPTER 2-700 PUBLIC UTILITY GROSS EARNINGS TAX. 2-701 D~finition. The term "gross operating revenues" means all sums, excluding any surcharge collected by a supplier of natural gas or electric service from the sale of such services used within the corporate limits of ~he city; provided, however, there shall be excluded from the computation of gross revenues all sums received by a supplier for electric service used for highway lighting, municipal street lighting, municipal water oumoinc, municipal sewaue disposal services, municipal traffic signals, and municipal fire siren services. 2-702 Tax Imposed. T~ere is hereby imposed on each and all suppliers of natural gas or electric service to consumers within the City of Coon Rapids a tax of three percent (3%) of each 2-703 Monthly Payments and Calculation. Said tax shall be paYable to the City on the fifteenth (15th) day' of each month, based upon the gross operating revenues of t. he supplier for the preceding month of the calendar year. 3-704 ~ A~y such ~u~lier may ~dd ~o its e£fec~£ve rd%es Ior =ne u%lll=y servlces on wnlcn =ne FuD£ic U=i£l=y Gross Earnings Tax is imposed a murcharge to reimburse such supplier for the cost of the tax. 2-705 ~roo$ o$ Company Financial Status. Each said company shall make each such payment when due and shall furnish therewith Such company shall permit the City and its representatives free access to the company's records for ~he purpose of verifying such statements. 2-706 ~ Violation of this Chapter shall consti- tute and be punishable as a misdemeanor. In addition thereto, such company or companies for payments of any amounts due. -700-1