The following items of tangible personal property shall not be subject to the tax imposed by this subchapter:
(A) Purchases of tangible personal property by any governmental body or by any corporation, society, association, foundation, or institution organized and operated exclusively for charitable, religious, or educational purposes. This exemption shall include purchases of tangible personal property by any not-for-profit corporation, society, association, foundation, institution, or organization which has no compensated officers or employees and which is organized and operated primarily for the recreation of persons 55 years of age or older.
(B) Tangible personal property purchased by interstate carriers for hire as rolling stock moving in interstate commerce or purchases or uses by lessors under a lease of one year or longer executed or in effect at the time of purchase of tangible personal property to interstate carriers for-hire for use as rolling stock moving in interstate commerce so long as used by those interstate carriers for hire.
(C) Purchase or use by owners, lessors, or shippers of tangible personal property which is utilized by interstate tangible personal property which is utilized by interstate carriers for-hire for use as rolling stock moving in interstate commerce so long as so used by interstate carriers for hire. The rolling stock exemption applies to rolling stock used by interstate carrier for hire, even just between points in Illinois if such rolling stock transports for hire, persons whose journeys or property whose shipments originate or terminate outside the village.
(D) Purchases made for resale.
(Ord. 940, passed 4-21-97)