(A) A tax is hereby imposed in accordance with the provisions of § 8-11-6 of the Illinois Municipal Code, being 65 ILCS, Act 5, § 8-11-6, upon the privilege of using in the village 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 set at a rate of 1% of the selling price of the tangible property with “selling price” to have the meaning as defined in the Use Tax Act, approved July 14, 1955, being 35 ILCS, Act 105, §§ 1 et seq.
(B) The 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 of registration for the personal property is issued. (1986 Code, § 3-1-4)