The electric power tax is remitted to the department on or before the twentieth of each month. When the entire capital stock of a corporation owning and operating a plant manufacturing or generating electric power is owned by an industrial corporation, to such power as may be furnished by such generating corporation to such industrial corporation for use and consumption by such industrial corporation or for use upon the premises of such industrial corporation by its bono fide operatives or employees, but the tax shall be paid upon so much of such power as may be sold to other than such industrial corporation's employees. Certain mining operations and cotton gins also qualify as industrial customers from Opinions of the Attorney General. However, the tax is due with respect to any electric power sold to persons other than employees. Yes, provided there was a sale of electric power.
Electricity sold for residential purposes is subject to the electric power tax.