Section 98-66 HEAT, LIGHT AND POWER COMPANIES.

Any person, firm or corporation who shall engage in the business of furnishing heat, light or power, whether by means of electricity or gas in the town, shall pay a license tax equal to 40 cents per $100.00 of the gross annual receipts accruing to such person, firm or corporation from such business in the town; provided, however, that there shall be deducted any sum or sums paid by such person, firm or corporation to the town as a merchant's license tax and license taxes, except motor vehicle license taxes.