A. Tax Imposed: A tax is hereby imposed upon the privilege of using, in the Village, any item of tangible personal property which was purchased in the State of Illinois at retail from a retailer, and which is titled or registered with an agency of this State's government, at the rate of one percent (1%) of the selling price of such tangible personal property, as selling price is defined in the "Use Tax Act", approved July 14, 1955, as amended 1 .
B. Payment Of Tax: At the time such report is filed, there shall be paid to the State Department of Revenue the amount of tax hereinabove imposed on account of the use of personal property during the preceding month. (Ord. 86-12)
Notes
| 1 | 1. 35 ILCS 105/1 et seq. |