Each retailer whose place of business is within the corporate limits of the city and who makes a sale of building materials to be incorporated into real estate located in the Zone Area by remodeling, rehabilitation or new construction, may file claims for credit or refund to recover the amount of tax paid under the Municipal Retailers’ Occupation Tax Act, being 65 ILCS 5/8-11-1 et seq.; provided, however, that, such remodeling, rehabilitation or new construction is of the nature and scope for which a building permit is required and has been obtained. The incentive provided by this section shall commence the first day of the calendar month following the month in which the Enterprise Zone is designated and certified, and shall continue for the term of the Enterprise Zone.
(1960 Code, § 11-1-4)