Pursuant to Section 8-11-6(b) of the Illinois Municipal Code, as amended, a tax is imposed on all persons engaged in the business of selling fountain soft drinks at retail in the city. The rate of the tax shall be nine percent of the cost price of the fountain soft drinks sold at retail in the city.
For purposes of this section, "cost price" means the consideration paid by a retail seller for the purchase of soft drink syrup or concentrate which is designed to be further mixed with water before it is consumed as a soft drink, valued in money, whether paid in money or otherwise, including cash, credits and services, determined without any deduction on account of any of the soft drink supplier's costs or other expenses.
(Added Coun. J. 12-15-93, p. 43839)