A. Tax Imposed: A tax is imposed on the privilege of using in the village any item of tangible personal property which is purchased outside of the state of Illinois, at retail, from a retailer, and which is titled or registered with an agency of the state of Illinois. (1976 Code § 115.010)
B. Rate Of Tax: The tax imposed herein shall be at a rate of one percent (1%) of the selling price of the tangible personal property, as selling price is defined in the Illinois use tax act, approved July 14, 1955, as amended. 1 . (1976 Code § 115.011)
C. Payment Of Tax: The tax imposed herein shall be collected by the Illinois department of revenue on behalf of the village, and shall be paid before the title or certificate of registration is issued for such personal property. (1976 Code § 115.012)
Notes
| 1 | 2. 35 ILCS 105/1 et seq. |