A. Tax Imposed; Rate; Exemptions: A tax is hereby imposed upon all persons engaged in the village in the business of making sales of service at the rate of one percent (1%) of the cost price of all tangible personal property transferred by said servicemen 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 section 8-11-1.7 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 Return Required: Every supplier or serviceman required to account for municipal 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 section 9 of the service 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 transfers of tangible personal property or real estate incident to a sale of service during the preceding month. (2012 Code)
Notes
| 1 | 1. 35 ILCS 115/9. |