A. Tax Imposed: A tax is hereby imposed upon all persons engaged in the business of renting automobiles in the village at the rate of one percent (1%) of the gross receipts from such rentals made in the course of such business while this section is in effect, in accordance with the provisions of 65 Illinois Compiled Statutes 5/8-11-7. (1976 Code § 3.26.010; amd. 2016 Code)
B. Change In Tax Rate Or Discontinuance Of Tax: Any ordinance or resolution effecting a change in the rate of the tax levied under this section shall be effective on the first day of the calendar month next following publication. Upon a change in rate of the tax levied under this section, or upon the discontinuance of the tax, the village clerk shall, on or not later than five (5) days after publication of the ordinance or resolution discontinuing the tax or effecting a change in rate, transmit to the Illinois department of revenue a certified copy of the ordinance or resolution effecting such change or discontinuance. The village clerk or board of trustees may, in their discretion and from time to time, request a current list of those persons who are registered with the Illinois department of revenue to pay automobile renting occupation tax within the village. (2016 Code)
C. Payment Of Tax: At the time such report is filed, there shall be paid to the state department of revenue the amount of tax hereby imposed on account of the renting of automobiles during the preceding month. (1976 Code § 3.26.030)