A. Tax Imposed: A tax is hereby imposed upon all persons engaged in the business of renting or leasing tangible personal property to the users thereof at the rate of one-half of one percent (0.5%) of the gross receipts from such renting or leasing made in the course of such business while this section is in effect, in accordance with the provisions of section 8-11-6 of the Illinois Municipal Code.
B. Report Filed: Every person engaged in such business in the City shall file with the State Department of Revenue the return in the manner as required by section five of the Leasing Occupation Tax Act.
C. Payment Of Tax: At the time such return is filed, there shall be paid to the State Department of Revenue the amount of tax hereby imposed on account of the receipts from renting or leasing tangible personal property during the preceding month. (Ord. 3309, 9-8-1965)