(A) Tax imposed.
(1) A tax is imposed upon all persons engaged in this municipality in the business of making sales of service at the rate of 1% of the cost price of all tangible property transferred by the service person 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 ILCS Chapter 65, Act 5, § 8-11-5.
(`70 Code, § 20-4)
(2) The exclusion contained in Section 2(e) of the Service Occupation Tax approved July 10, 1961, as amended, shall not apply to property within the village.
(B) Report required. Every supplier or service person required to account for municipal service occupation tax for the benefit of the village shall file the report to the State Department of Revenue required by law.
(`70 Code, § 20-5)
(C) Payment. At the time the report required by division (B) of this section is filed, there shall be paid to the State Department of Revenue the amount of tax imposed.
(`70 Code, § 20-6) (Ord. 33, passed 7-25-61; Ord. passed 7-11-67; Ord. passed 8-12-69; Ord. 275, passed 6-26-75)