(A) The tax herein levied and imposed shall be collected by the Comptroller for the village through the sale of revenue stamps, which shall be caused to be prepared by the Comptroller in such quantities as the Comptroller may from time to time prescribe. Such revenue stamps shall be in the denomination of $1, $5, $10, $25, $50, $100, $200, $300 and $500 and shall be in the following design:
Village of Bellwood Real Estate Transfer Tax |
$0000 |
(B) The revenue stamps shall be available for sale at and during the regular business hours of the village offices. Upon payment of the tax herein levied and imposed, the revenue stamps so purchased shall be affixed to the deed or other instrument of conveyance. Any person so using and affixing a revenue stamp or stamps shall cancel it and so deface it as to render it unfit for reuse by marking it with his or her initials and the day, month and year when the affixing occurs. The markings shall be made by writing or stamping in indelible ink or by perforating with a machine or punch. However, the revenue stamp(s) shall not be so defaced as to prevent ready determination of the denomination and genuineness.
(Ord. 96-6, passed 3-13-96)