(A) 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 sales made in the course of such business while this article is in effect, in accordance with the provisions of 65 ILCS 5/8-11-7.
(B) Every such person engaged in such business in the village shall file on or before the last day of each calendar month the report to the State Department of Revenue required by 35 ILCS 120/3, as amended.
(C) 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.