A. Pursuant to Section 8-11-6(a) of the Illinois Municipal Code, as amended, a tax is imposed upon the privilege of using in the city titled personal property that is purchased at retail from a retailer. The ultimate incidence of and obligation for payment of the tax is on the purchaser of the titled personal property.
B. The rate of the tax shall be one and one- quarter percent of the titled personal property's selling price, as the term "selling price" is defined in the Illinois Use Tax Act, as amended.
C. To prevent multiple home rule taxation, the use of titled personal property in the city by a person who paid a home rule municipal tax in another municipality with respect to the sale, purchase or use of the property shall be exempt from the tax imposed by this chapter to the extent of the amount of the tax properly due and actually paid in the other home rule municipality.
D. Nothing in this chapter shall be construed to impose a tax upon any business or activity which, under the constitutions of the United States and the State of Illinois, may not be made the subject of taxation by the city.
(Added Coun. J. 11-10-94, p. 59125; Amend Coun. J. 12-15-04, p. 39840, § 1)