The taxes authorized by V.T.C.A., Tax Code, chapter 321, the Municipal Sales and Use Tax Act, on the sale, production, distribution, lease, or rental of, and the use, storage, or other consumption of, gas and electricity for residential use, shall be continued by the city.
(1966 Code, sec. 16-1/2-2; Ordinance 465 adopted 1/8/79; 1999 Code, sec. 33.02)