§ 14-40. Electricity, heat or gas.

(a)

For the purpose of this section, the term "gross receipts" shall mean the gross receipts accruing from sales to the ultimate consumer within the county included in the total gross receipts utilized by the state corporation commission in making assessments under Code of Virginia, § 58.1-2633.

(b)

Except as otherwise provided in Code of Virginia, § 58.1-3731, every person engaged in the business of furnishing heat, light, and power and gas for domestic, commercial and industrial consumption in the county shall pay for the privilege an annual license tax of one-half of one percent of the gross receipts derived from business within the county, except that exemptions provided by Code of Virginia, § 58.1-2627, as applicable, shall apply. After December 31, 2000, the license tax authorized by this section shall not be imposed on electric cooperatives organized as described in Code of Virginia, § 58.1-2901(D).

(Code 1988, § 6.1-10; Ord. No. O-99-009, § 6.1-10, 12-14-1999)

(Code 1988, § 6.1-10; Ord. No. O-99-009, § 6.1-10, 12-14-1999)