A. Tax Imposed; Rate; Exemptions: A tax is hereby imposed upon all persons engaged in the business of selling tangible personal property at retail in the village at the rate of one percent (1%) of the gross receipts from such sales made in the course of such business while this section is in effect, in accordance with the provisions of section 8-11-1.6 of the Illinois municipal code; except, that this tax shall not be imposed on the sales of food for human consumption that is to be consumed off the premises where it is sold (other than alcoholic beverages, soft drinks and food that has been prepared for immediate consumption) and prescription and nonprescription medicines, drugs, medical appliances and insulin, urine testing materials, syringes and needles used by diabetics.
B. Monthly Returns Required: Every such person engaged in such business in the village shall file, on or before the last day of each calendar month, the report to the state department of revenue required by section 3 of the retailers' occupation tax act 1 .
C. Payment Of Tax: At the time such report is filed, there shall be paid to the state department of revenue the amount of tax hereby imposed on account of the receipts from sales of tangible personal property during the preceding month. (2012 Code)
Notes
| 1 | 1. 35 ILCS 120/3. |