(A) A tax is hereby imposed in accordance with the provisions of § 8-11-6 of the state’s Municipal Code, being 65 ILCS 5/8-11-6, upon the privilege of using in the municipality any item of tangible personal property which is purchased outside the state at retail from a retailer, and which is titled or registered with an agency of the state 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, and being 35 ILCS 105/1 et seq.
(B) Such tax shall be collected by the state’s Department of Revenue and shall be paid before the title or certificate of registration for the personal property is issued.
(C) The farm machinery and equipment exclusion contained in § 3-5(11) of the Use Tax Act approved July 14, 1955, and being 35 ILCS 105/3-5(11), as amended, shall not apply to the privilege of using in such municipality any item of tangible personal property which is purchased outside the state at retail from a retailer and which is titled or registered with an agency of this state’s government.
(Prior Code, § 2-5-3) (Ord. 74-7, passed - -1974; Ord. passed 9-2-1980)