A tax of $50.00 is hereby imposed on any motor vehicle, as defined in Section 1-146 of the Illinois Vehicle Code, purchased by or on behalf of an insurance company to replace a vehicle of an insured person in settlement of a total loss claim, pursuant to paragraph 8-11-9 of the Illinois Municipal Code.
(Prior code § 132-51; Added Coun. J. 3-7-84, p. 5517)