A tax is hereby imposed upon all persons engaged in the business of renting automobiles in this village at the rate of 1% of the gross receipts from such rentals made in the course of such business while this subchapter is in effect, in accordance with the provisions of Illinois Municipal Code, ILCS Ch. 65, Act 5, § 8-11-7.
(`95 Code, § 35.50) (Ord. 82-2, passed 1-13-82)