A.    A tax is imposed on all persons to whom Public Act 90-561 applies, on the privilege of using or consuming electricity required in a purchase at retail and used or consumed within the corporate limits of the city of Columbia, Illinois (the "city" or "Columbia") at the following rates, calculated on a monthly basis for each purchaser:

    1.    For the first two thousand (2,000) kilowatt-hours used or consumed in a month: $0.4719 per kilowatt-hour;

    2.    For the next forty-eight thousand (48,000) kilowatt-hours used or consumed in a month: $0.3748 per kilowatt-hour;

    3.    For the next fifty thousand (50,000) kilowatt-hours used or consumed in a month: $0.3660 per kilowatt-hour;

    4.    For the next four hundred thousand (400,000) kilowatt-hours used or consumed in a month: $0.3472 per kilowatt-hour;

    5.    For the next five hundred thousand (500,000) kilowatt-hours used or consumed in a month: $0.3400 per kilowatt-hour;

    6.    For the next two million (2,000,000) kilowatt-hours used or consumed in a month: $0.3200 per kilowatt-hour;

    7.    For the next two million (2,000,000) kilowatt-hours used or consumed in a month: $0.3150 per kilowatt-hour;

    8.    For the next five million (5,000,000) kilowatt-hours used or consumed in a month: $0.3100 per kilowatt-hour;

    9.    For the next ten million (10,000,000) kilowatt-hours used or consumed in a month: $0.3050 per kilowatt-hour;

    10.    For all electricity used or consumed in excess of twenty million (20,000,000) kilowatt-hours in a month: $0.3000 per kilowatt-hour.

    The tax rates set forth in the preceding table will be used at least through December 31, 2008, and do not exceed the revenue that could have been collected during 1997 using the rates enumerated in 65 ILCS Section  5/8-11-2 (as modified by Public Act 90-561).

    B.    Pursuant to 65 ILCS Section 5/8-11-2, the rates set forth in subsection (A) of this section shall be effective: (1) on August 1, 1998 for residential customers; and (2) on the earlier of (a) the last bill issued prior to December 31, 2000, or (b) the date of the first bill issued pursuant to 220 ILCS Section 5/16-104, for nonresidential customers.

    The provisions of Section 3-1 shall not be effective until August 1, 1998. (Ord. 1679 § 1 (part), 1998)