(A) A tax is imposed upon all persons in the village engaged in the business of selling tangible personal property at retail at the rate of 0.5% of the gross receipts from the sales, in accordance with the provisions of 65 ILCS 5/8-11-1. Every person engaged in the business of selling tangible personal property at retail shall file, on or before the twentieth day of each calendar month, a report with the state’s Department of Revenue, as required by 35 ILCS 120/3. At the time of filing the report, the person shall pay to the state’s Department of Revenue the amount of tax imposed on the receipts from sales of tangible personal property during the preceding month.
(B) A tax is imposed upon all persons in the village engaged in the business of making sales of service at the rate of 0.5% of the cost price of all tangible personal property transferred by the service persons, either in the form of tangible personal property or in the form of real estate as an incident to a sale of service, in accordance with the provisions of 65 ILCS 5/8- 11-5. Every supplier or service person required to account for municipal service occupation tax for the benefit of the village shall file, on or before the twentieth day of each calendar month, a report to the state’s Department of Revenue as required by 35 ILCS 115/9. At the time of filing the report, the person shall pay to the state’s Department of Revenue the amount of tax imposed.
(2010 Code, § 174.01)