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(A) Tax imposed. A tax is hereby imposed upon all persons engaged in the village in the business of making sales of service at the rate of 1% of the cost price of all tangible personal property transferred by the servicer either in the form of tangible personal property or in the form of real estate as an incident to a sale of service, in accordance with the provisions of ILCS Ch. 65, Act 5, § 8-11-1.4.
(B) Report required. Every supplier or servicer required to account for village service occupation tax for the benefit of the village shall file, on or before the last day of each calendar month, the report to the State Department of Revenue required by § 9 of the “Service Occupation Tax Act”, approved 7-10-1961, being ILCS Ch. 35, Act 115, § 9, as amended.
(C) Payment of tax. At the time the report is filed, there shall be paid to the State Department of Revenue the amount of tax hereby imposed.
(Prior Code, § 3-2-2)