A. Tax Imposed; Amount: A tax is hereby imposed upon all persons engaged in the city in the business of making sales of service, at the rate of one percent (1%) of the cost price of all tangible personal property transferred by the servicemen 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 section 8-11-5 of the Illinois municipal code. (1996 Code § 27-29)
B. Report Required: Each supplier or serviceman required to account for the municipal service occupation tax for the benefit of the city shall file, on or before the last day of each calendar month, the report to the state department of revenue required by state law. (1996 Code § 27-30)
C. Remittance Of Tax: At the time the monthly report required by this section is filed, the servicemen subject to this section shall pay to the state department of revenue the amount of tax imposed by this section. (1996 Code § 27-31)
D. Exclusions From Tax:
1. The farm machinery and equipment exclusion contained in section 3 of the service occupation tax act 1 , approved July 10, 1961, as amended, shall not apply to persons engaged in the business of making sales of service within the city. (1996 Code § 27-32)
2. The exclusion contained in section 2(e) of the service occupation tax act, approved June 10, 1961, as amended, shall apply to property within the city, effective May 1, 1983. (1996 Code § 27-32.1)
Notes
| 1 | 1. 35 ILCS 115/1 et seq. |