(A) (1) There be and there is hereby a tax imposed in accordance with the provisions of 65 ILCS 5/8-11-6 upon the privilege of using in the municipality on 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.
(2) The tax shall be at a rate of 1% of the selling price of such tangible property with the SELLING PRICE to have the meaning as defined in the Use Tax Act, being 35 ILCS 105/1 et seq. approved July 14, 1955.
(B) Such tax shall be collected by the State Department of Revenue for all municipalities imposing the tax and shall be paid before the title or certificate or registration for the personal property is issued.
(Prior Code, Chapter 25, § 7) (Ord. 15 (Series 1974-1975), passed - -)
Statutory reference:
Related provisions, see 65 ILCS 5/8-11-6