(A) Imposed. A tax is hereby imposed in accordance with the provisions of the Municipal Code § 8-11-6 upon the privilege of using in the municipality any item of tangible personal property which is purchased outside of the state at retail from a retailer and which is titled or registered with an agency of the state’s government. The tax shall be at the rate of 1% of the selling price of such tangible property with selling price to have the meaning as defined in the Use Tax Act, approved July 14, 1955.
(B) Collection. 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 of registration for the personal property is issued.
(C) Filing. The Clerk is hereby directed to transmit to the State Department of Revenue a certified copy of this code no later than five days after the effective date of this code.
(D) Exclusion. The farm machinery and equipment exclusion contained in the Use Tax Act § 3, approved July 14, 1955, as amended, shall not apply to the privilege of using in such municipality any item of tangible personal property which is purchased outside of the state at retail from a retailer and which is titled or registered with an agency of this state’s government.
(Prior Code, § 36-1-3)