(A) Tax imposed. A tax is imposed upon all persons engaged in the business of renting or leasing tangible personal property to the users thereof at the rate of .5% of the gross receipts from the renting or leasing made in the course of the business while this chapter is in effect, in accordance with the provisions of ILCS Chapter 65, Act 5, § 8-11-6.
(`70 Code, § 20-7)
(B) Report required. Every person engaged in the business of renting or leasing tangible personal property in the village shall file with the State Department of Revenue the return in the manner as required by law.
(`70 Code, § 20-8)
(C) Payment. At the time the return required by division (B) of this section is filed, there shall be paid to the State Department of Revenue the amount of tax imposed on account of the receipts from renting or leasing tangible personal property during the preceding month.
(`70 Code, § 20-9) (Ord. 55, passed 8-10-65)