§ 6.12.989. Water companies.

Every person or company that supplies water for domestic purposes to others through water mains shall pay for such license a sum equal to one percent of its net semiannual profit attributable to the area of the county, outside the incorporated cities and towns, both within and without the unincorporated cities and towns. Before a license for a water company can be issued, applicants shall first provide a verified statement to the department describing the probable amount of net profit computed upon the amount of net profit made during the preceding six months. Net profit shall not include deductions for taxes on such profit or tax credits for a period other than the licensing period. Where the amount of net profit actually made in any period is in excess of the estimate for such period, the licensee shall be indebted to the county for any deficiency in fee paid for such period; liable therefor to the county in a civil action; and may also be subject to disciplinary action, including but not limited to license revocation.

(Ord. 2422 § 3 (part), 1999)