Electric Utility Tax - 5.12

5.12.010 Purpose and policy of provisions--Tax imposed
The board of trustees of the Town finds, determines, and declares that, considering the nature of the electric utility business and the relation of the business to the municipal welfare, as well as the relation thereof to the expenditures required of the Town, and a proper, just, and equitable distribution of tax burdens within the Town, and all other matters proper to be considered thereto, the classification of an electric utility business as a separate occupation is reasonable, proper, uniform, and non-discriminatory and necessary for a just and proper distribution of tax burdens within the Town.