A. Tax Levied: There is hereby levied a tax upon the privilege of using in the village any item of tangible personal property which is purchased outside the state at retail from a retailer, and which property is titled or registered with an agency of state government. The tax shall be at a rate of one percent (1%) of the selling price of property subject to the tax, with the term "selling price" to have the meaning as defined in the use tax act, approved July 14, 1966 1 .
B. Collection And Payment Of Tax: The tax levied by subsection A of this section shall be collected by the state department of revenue for the village, and shall be paid before the title or certificate of registration for the subject personal property is issued. (Ord. 80-19, 11-18-1980)
Notes
| 1 | 2. 35 ILCS 105/1 et seq. |