3-2-2: MUNICIPAL USE TAX:
There is hereby levied, imposed and assessed, in accordance with the provisions of 35 Illinois Compiled Statutes 105/2, of the Illinois Municipal Code, a tax upon the privilege of using in the Village any item of tangible personal property which is purchased outside Illinois at retail from a retailer, and which is titled or registered with an agency of Illinois government. The tax shall be at a rate of one percent (1%) of the selling price of such tangible personal property, with selling price to have the meaning as defined in the "Use Tax Act", approved July 14, 1955. (1984 Code)