In construing the provisions of this chapter, the following definitions shall be applied, unless otherwise stated:
(2) “Taxpayer”
means any person subject to the payment of the tax herein provided.
(3) “Electrical power and light business”
means the business of selling, at wholesale or retail, electrical energy.
(4) “Gross operating revenue”
means revenue accruing from the electrical power business transacted within the corporate limits of the City. In case the taxpayer is a public utility, subject to regulation under the statutes of Oregon, “gross operating revenue” means that amount required to be credited by the taxpayer to the taxpayer’s operation within the City under the uniform system of accounts prescribed by the regulatory body of the State having jurisdiction. There shall be no deduction for the cost of commodity, cost of materials used, labor, interest, discount, delivery costs and other expenses, unless otherwise provided in this chapter.
(Ord. 5858 § 2, 2015)