(A) Every purchaser through a sale at retail of tangible personal property that is titled or registered with an agency of the state to an address within the corporate limits of the village, shall be liable for a tax on the purchase at the rate of 1% of the selling price of that property. Evidence that titled or registered tangible personal property was sold at retail to a person or business with an address in the corporate limits of the village for title or registration shall be prima facie evidence that the tangible personal property was sold for use in the village.
(B) For a purchase or use of tangible personal property to be taxable under this subchapter, the tangible personal property must have been purchased from a retailer.
(C) If the property that is purchased at retail from a retailer is acquired outside the village and used outside the village before being brought to the village for use here, the use is nevertheless taxable hereunder. However, the selling price on which the tax is computed shall be reduced by an amount which represents a reasonable allowance for depreciation for the period of such prior out-of-village use. Depreciation will be calculated using Internal Revenue Service life values and straight line depreciation.
(Ord. 940, passed 4-21-97)