[R.O. 2007 § 615.010; Ord. No. 86-12 §§ 1 — 3, 12-19-1986; Ord. No. 87-3 §§ 1 — 3, 5-15-1987; Ord. No. 93-9 § A, 9-14-1993; Ord. No. 549, 7-19-2022]
A.
Pursuant to Section 393.275.2, RSMo., by passage of this Section, the City of Pineville shall maintain the tax rate of its business license tax on the gross receipts of utility corporations without reduction, and more particularly, if applicable, the tax rate shall not be reduced to effect an equalization of revenue for the ensuing twelve (12) months equal to the revenue raised during the preceding twelve (12) months, plus a growth factor equal to the average of additional revenue received in each of the preceding three (3) years. By this Section it is the expressed intention of the Board of Aldermen of the City of Pineville that they wish to maintain the tax rate of its business license tax on gross receipts of gas service. The City hereby maintains its sources of revenue at its historical level of five percent (5%) gross receipts tax against the gross receipts of utility corporations.
B.
The gross receipts tax imposed upon electric corporations, including but not limited to Liberty, pursuant to Section 615.010(A) of the Code of Pineville, shall be maintained at its existing rate of five percent (5%), despite the tariff increase awarded by the PSC to Liberty effective June 2, 2022.