A. A tax is hereby imposed upon all persons engaged in the business of selling tangible personal property, other than an item of tangible personal property titled or registered with an agency of this state's government, at retail within the boundaries of Glen Carbon's Troy Road/Route 159 business district 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; and a tax is hereby imposed upon all persons engaged within the boundaries of Glen Carbon's Troy Road/Route 159 business district in the business of making sales of service, at the rate of one percent (1%) of the selling price of all tangible personal property transferred by such serviceman as an incident to a sale of service. This "business district retailers' occupation tax" and this "business district service occupation tax" shall not be applicable to the sales of food for human consumption which 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, modifications to a motor vehicle for the purpose of rendering it usable by a disabled person, and insulin, urine testing materials, syringes and needles used by diabetics.
The imposition of these business district taxes is in accordance with the provisions of subsections (b) and (c), respectively, of section 11-74.3-6 of the Illinois municipal code 1 .
B. The proceeds of these business district taxes are to be used for the planning, execution, and implementation of Glen Carbon's Troy Road/Route 159 business district and to be applied to payment of the notes (herein defined) delivered as reimbursement for the advance of business district project costs, as set forth in the plan of finance which is attached as exhibit E to Glen Carbon's Troy Road/Route 159 business district plan and which is hereby approved. The business district taxes shall be in force and effect until all business district notes have been paid in accordance with Glen Carbon's Troy Road/Route 159 business district plan and the plan of finance, but in no event longer than twenty three (23) years after the effective date. The proceeds of the business district taxes shall be deposited into a special fund called the Glen Carbon's Troy Road/Route 159 business district tax allocation fund and shall be transferred to the trustee (as defined in the plan of finance) and applied as provided in the plan of finance.
C. The taxes hereby imposed, and all civil penalties that may be assessed as an incident thereto, shall be collected and enforced by the department of revenue of the state of Illinois. The department of revenue shall have full power to administer and enforce the provisions of this section.
D. The village shall file with the department of revenue of the state of Illinois, a certified copy of the ordinance codified herein, including the boundaries of Glen Carbon's Troy Road/Route 159 business district, and all other documents required by the business district act for the administration, collection and enforcement by the department of revenue of the state of Illinois of the business district taxes. (Ord. 2006-36, 11-14-2006, eff. 1-1-2007)
Notes
| 1 | 1. 65 ILCS 5/11-74.3-6. |