(A) A tax is imposed on all persons in the village in the business of selling tangible personal property at retail, at the rate of 1% of the gross receipts from such sales made in the course of such business in accordance with 65 ILCS 5/8-11-1.
(B) Every such person engaged in such business in the village shall file on or before the last day of each calendar month the report to the State Department of Revenue required by § 3 of An Act in Relation to a Tax upon Persons Engaged in the Business of Selling Tangible Personal Property to Purchasers for Use or Consumption, approved June 28, 1933, as amended, being 35 ILCS 120.
(C) At the time the report is filed, there shall be paid to the State Department of Revenue the amount of tax hereby imposed on account of the receipts from sales of tangible personal property during the preceding month.
(D) The exclusion contained in § 2(d) of the Retailers Occupation Tax Act, approved June 28, 1933, as amended, being 35 ILCS 120/2-5, shall not apply to property within the village.
(1983 Code, § 3-1-1) (Ord. 512, passed 9-8-1969; Ord. 566B, passed 12-22-1980)
Statutory reference:
An Act in Relation to a Tax upon Persons Engaged in the Business of Selling Tangible Personal Property to Purchasers for Use or Consumption, see 35 ILCS 120