Okla. Stat. tit. 68, § 68-2601: Power to levy and assess tax - Tax in lieu of other

taxes.

The power is hereby vested in the governing body of any city or

town in the State of Oklahoma to levy and assess, by ordinance, an

annual tax upon the gross receipts from residential and commercial

sales of power, light, heat, gas, electricity or water in said city

or town in an amount not exceeding two percent (2%) of the gross

receipts from residential and commercial sales, which tax shall be

in lieu of any other franchise, license, occupation or excise tax,

levied by such city or town.