§240-1  Electric light and power companies,tax on.  Every person operating in the State an electric light or powerbusiness as a public utility, whose franchise does not provide for the paymentto the county in which the public utility operates of a tax, or a tax of lessthan two and one-half per cent, based upon the gross receipts of such personfrom all electric light or power furnished to consumers during each calendaryear, shall file with the director of finance of the county in which the publicutility operates, within one month after the expiration of each calendar year,a detailed statement showing all gross receipts from all electric light orpower furnished to consumers during the preceding calendar year.  Such personshall, at the same time pay to the director of finance, for and on behalf ofsuch county, in addition to any and all other payments required to be made bylaw, two and one-half per cent of the gross receipts; or, if such person'sfranchise provides for a tax of less than two and one-half per cent of thegross proceeds, the difference between the tax required under such franchiseand two and one-half per cent of the gross receipts, of such person from allelectric light or power furnished to consumers during the preceding calendar year.[L 1937, c 105, pt of §1; RL 1945, pt of §5681; RL 1955, §131-1; HRS §240-1; amL 1982, c 167, §1]