(A) A tax is hereby imposed in accordance with the provisions of ILCS Ch. 65, Act 5, § 8-11-6 upon the privilege of using in the municipality any item of tangible personal property which is purchased outside Illinois at retail from a retailer, and which is titled or registered with an agency of Illinois government. The tax shall be at a rate of 1% of the selling price of such tangible property with selling price to have the meaning as defined in the Use Tax Act, approved July 14, 1955, being ILCS Ch. 35, Act 105, § 2.
('69 Code, § 24-1)
(B) Such tax shall be collected by the Illinois Department of Revenue for all municipalities imposing the tax and shall be paid before the title or certificate of registration for the personal property is issued.
('69 Code, § 24-2)
(C) The City Clerk is hereby directed to transmit to the Illinois Department of Revenue a certified copy of Ordinance 0-74-15 not later than five days after its effective date.
('69 Code, § 24-3)
(Ord. 0-74-15, passed 10-31-74)
Statutory reference:
ILCS Ch. 65, Act 5, § 8-11-6