There is hereby levied upon any public utility district doing business within the City of Mountlake Terrace a utility tax of five percent of the gross revenues derived from the sale of electricity by such district within the City, exclusive of revenues derived from the sale of electricity for the purpose of resale. This tax shall commence and be effective on the first day of October, 2001, and expire on September 30, 2003. Thereafter, upon the completion of the two-year time period herein, October 1, 2003, there is hereby levied a utility tax of six percent of the gross revenues derived from the sale of electricity by any public utility district doing business within the City of Mountlake Terrace on the gross revenues exclusive of revenues derived from the sale of electricity for the purpose of resale.
(Ord. 1497 § 1, 1982; Ord. 2265 § 1, 2001; Ord. 2290 § 1, 2001)