(A) Tax imposed on tangible personal property. A tax is hereby imposed upon all persons engaged in the business of selling tangible personal property, other than an item of tangible personal property titled or registered with an agency of the state’s government, at retail within the boundaries of the Business District at the rate of 1% of the gross receipts from such sales made in the course of such business while this section is in effect; and a tax is hereby imposed upon all persons engaged within the boundaries of the Business District in the business of making sales of service, at the rate of 1% of the selling price of all tangible personal property transferred by such serviceman as an incident to a sale of service. This Business District retailers’ occupation tax and this Business District service occupation tax shall not be applicable to the sales of food for human consumption which is to be consumed off the premises where it is sold (other than alcoholic beverages, soft drinks and food that has been prepared for immediate consumption) and prescription and non-prescription medicines, drugs, medical appliances, modifications to a motor vehicle for the purpose of rendering it usable by a disabled person, and insulin, urine testing materials, syringes and needles used by diabetics.
(1960 Code, § 43-8-1)
(B) Tax on hotel rooms. A tax is hereby imposed upon all persons engaged in the business of renting, leasing, or letting rooms in a hotel, as defined in the Hotel Operators’ Occupation Tax Act, being 35 ILCS 145, at a rate of 1% of the gross rental receipts from the renting, leasing, or letting of hotel rooms within the Business District, excluding, however, from gross rental receipts the proceeds of renting, leasing or letting to permanent residents of a hotel, as defined in the Hotel Operators’ Occupation Tax Act, and proceeds from the tax imposed under § 13(c) of the Metropolitan Pier and Exposition Authority Act (70 ILCS 210/13(c)).
(1960 Code, § 43-8-2)
(C) Purpose of tax.
(1) The imposition of such taxes shall be for the planning, execution and implementation of the Business District Plan and the revenues from such taxes shall be applied to payment of the authorized expenditures of the Business District or to payment of bonds, notes or other obligations (the “obligations”) issued to fund such expenditures of the Business District. The taxes shall be in full force and effect until all obligations of the Business District have been paid in accordance with the Business District Plan.
(2) The imposition of these Business District taxes is in accordance with the provisions of § 11-74.3-6(b), (c) and (d), respectively of the Illinois Compiled Statutes (65 ILCS 5/11-74.3-6).
(1960 Code, § 43-8-3)
(D) Collection and enforcement. The taxes hereby imposed, and all civil penalties that may be assessed as an incident thereto, shall be collected and enforced by the Department of Revenue of the state Department of Revenue shall have full power to administer and enforce the provisions of this section.
(1960 Code, § 43-8-4)
(E) Filing. The City Clerk is hereby directed to file a certified copy of this section with the Department of Revenue on or before 4-1-2007.
(1960 Code, § 43-8-5)
(F) Effective. This section took effect on the first day of July next following the adoption and filing of this section with the state’s Department of Revenue.
(1960 Code, § 43-8-6)
(G) State statute compliance. This section shall be governed exclusively by and construed in accordance with the applicable laws of the state.
(1960 Code, § 43-8-8)
(H) Delivery of official papers. The Mayor of the City is hereby authorized and directed to execute and deliver for and on behalf of the city, and the City Clerk is hereby authorized and directed where appropriate to attest, all certificates, documents, agreements or other instruments, and the Mayor of the city or his or her designated representative is hereby authorized and directed to take any and all actions, as may be necessary, desirable, convenient or proper to carry out and comply with the provisions of all agreements or contracts, necessary or reasonably incidental to the implementation of this section.
(1960 Code, § 43-8-9)
(Ord. 6926, passed 11-6-2006)