(A) In accordance with ILCS Ch. 65, Act 5, § 8-11-6, as amended, a tax is hereby imposed upon the privilege of using, in the city, any item of tangible personal property which is purchased outside the state at retail from a retailer and which is titled or registered with an agency of the state government. The tax shall be at a rate of 1% of the selling price of the tangible property.
(B) SELLING PRICE, as used in this section, shall be as defined in the “Use Tax Act,” being ILCS Ch. 35, Act 105, §§ 1 et seq., approved July 14, 1955, as amended.
(Ord. passed 12-6-1976)